The Cyberspace Administration of China (CAC), which regulates all areas of China’s online activity, has published new regulations for domestic financial info providers, which it fears are adding to instability in the country’s slowing economy, Reuters reports.
The new rules, to take effect Feb. 1, stipulate that info providers must not distort Chinese fiscal and monetary policies, disturb economic order or to harm the nation’s interests, according to a CAC statement. They are also banned from publishing stories that could move stock, fund, futures and foreign exchange markets.
The government is concerned about companies offering financial analysis, financial trading and financial decision-making, the CAC said. Those which breach the regulations will be “condemned publicly” and “ordered to rectify” their misbehaviour, according to the statement.
“(They) have brought an impact on the economic and financial stability, and should be addressed immediately,” said CAC.