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The National Network Information Office concentrated on rectifying the chaos of online financial information.The network information department suggests that the current illegal financial activities are characterized by various forms and strong concealment. Some of them carry out online pyramid selling activities under the banner of "group purchase", "social e-commerce", "consumer rebate", "virtual farming" and "electronic currency trading", some charge "beheading interest" in the name of "debt restructuring" and "debt optimization" to increase the burden on debtors, and some use "zero threshold". Especially with the recent increase in trading activity in the capital market, some accounts use "sharing stock trading skills", "watching stocks by big brothers" and "expert guidance" as gimmicks to engage in illegal stock recommendation activities through live broadcasts, short videos, pictures and texts, and defraud high fees, causing property losses to investors, especially small and medium-sized investors. In this regard, netizens are reminded to establish a correct investment concept, enhance their risk awareness, do not believe in high-yield and high-return information such as "making quick money", "getting rich overnight", "making money with your fingers" and "locking in bull stocks", pay attention to identifying and verifying the qualifications of relevant website platforms and accounts, do not participate in illegal financial activities, and beware of personal property losses.

Article source: China Netcom.

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