Chengdu cyberspace security department arrests netizen for spreading rumors targeting stock market
Published: Nov 22, 2023 11:41 PM
cyberspace Photo:VCG

cyberspace Photo:VCG

he cyberspace security department of Chengdu in Southwest China's Sichuan Province recently arrested a netizen for spreading false information targeting the domestic securities exchange market, China's Ministry of Public Security (MPS) said on Wednesday. 

Chengdu police found that a netizen had made up false information about financing policies in China's securities exchange market based on parts of foreign media reports, which violated China's securities law and laws on penalties for administration of public securities, said the MPS. 

The false information was posted across multiple domestic social media platforms. It disrupted the normal operation of the securities exchange market, misled investors and the public, and seriously damaged the internet public opinion environment.  

The Sichuan cyberspace security department and local securities regulator located and arrested the suspect in Tianfu district, Chengdu.   

The suspect created rumors based on subjective and groundless conclusions, and made up false information about financing policies in the Chinese securities exchange market, and the case will be handled in accordance with the law, said the ministry.  

At the beginning of November, China's Ministry of State Security vowed to step up efforts to prevent and defuse financial risks and to crack down on illegal activities that endanger national security in the financial field, after a tone-setting meeting.

The MPS also pledged to enhance the crackdown on internet rumors to secure the stabilization of cyberspace and the whole of society. 

Global Times