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Saturday, January 27, 2018
Chinese Blogger to Pay $31,000 Fine for Inaccurate Post

China's securities watchdog has fined a blogger 200,000 yuan ($31,650) for producing and spreading information that was inaccurate and market-disturbing.

In a post on the social media platform WeChat in November, an internet media worker said financial institutions and property developers had held a private meeting at the premises of the China Securities Regulatory Commission (CSRC), the securities watchdog.

The post caused disruptions on the stock market, the CSRC said in a statement on its website on Friday.

The meeting was a routine gathering, and CSRC was not involved at all, the securities watchdog said.

The authenticity and accuracy of information dissemination is vital to the smooth running of the capital market, according to CSRC.

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