Weibo Continues to Strengthen the Governance of Financial Content Ecosystem, Cracking Down on Illegal Stock Recommendations and Crypto Speculation

Weibo has issued an announcement on the continued strengthening of governance regarding financial content. In order to protect users' legitimate rights and interests and to maintain a healthy and orderly content ecosystem in the financial sector on the platform, Weibo is continuously carrying out special governance initiatives targeting financial content. During recent governance efforts, in response to the ever-changing forms, promotional methods, and publicity channels related to illegal marketing, unauthorized stock recommendations, and virtual currency speculation, the platform has further optimized its governance strategies, strictly cracking down on group-based illegal stock recommendations and related variant behaviors, while taking stringent action against violating accounts.