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The official WeChat Coral Security account has issued a statement today, announcing that the platform will enhance its governance of unauthorized stock recommendation activities. WeChat reaffirms its commitment to fostering a civilized, healthy, standardized, and orderly online environment, actively promoting the dissemination of authoritative and accurate securities and stock information by financial and securities professionals. Amidst the growing popularity of the capital market, the platform has identified accounts engaging in illegal stock recommendation services, fabricating and disseminating false information to mislead the public, thereby severely disrupting market order. To address these violations, WeChat will implement a range of disciplinary measures, including traffic limitation, account muting, and outright banning, commensurate with the severity of each case.
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