时报观察丨宣传与信披边界不清？ 上市公司公众号“放风”当休矣

Group 1 - The core issue is the unclear boundary between promotional activities and information disclosure, leading to concerns about compliance in the capital market [1][2] - Several listed companies have been using official WeChat accounts to announce new products and business developments, which often results in stock price fluctuations [1] - The regulatory framework mandates that information must be disclosed through designated channels, and using unofficial platforms like WeChat undermines the integrity of information disclosure [1] Group 2 - Companies are leveraging new media to influence market expectations, but this can mislead investors and create opportunities for insider trading [2] - The health of the capital market relies on principles of truthful, accurate, complete, timely, and fair information disclosure [2] - Companies are encouraged to strengthen internal control mechanisms and clarify disclosure processes to maintain market fairness and support high-quality market development [2]