Sou Hu Cai Jing·2026-01-26 11:15Group 1 - The core issue revolves around the crackdown on stock influencers (known as "大V") who have been manipulating the market and misleading retail investors, leading to significant financial losses for the latter [2][3][37] - On January 19, the Zhejiang Securities Regulatory Bureau issued a penalty of over 83 million yuan to a stock influencer named Jin Yongrong, also known as "Jin Huo," for market manipulation [3][39] - The regulatory actions included the permanent banning of 22 influencer accounts on the Snowball platform, which were known for long-term stock recommendations and had large followings [2][37][61] Group 2 - Jin Yongrong's account had approximately 130,000 followers and was involved in promoting stocks across multiple platforms, including WeChat and Xiaohongshu, significantly increasing his influence [4][39] - His trading activities included buying stocks before recommending them and then selling them at a profit to retail investors, which led to a calculated illegal gain of approximately 41.6 million yuan [8][41][42] - The regulatory body emphasized that disclaimers in his posts did not absolve him of responsibility, as they were merely formalities that did not change the nature of his actions [7][40] Group 3 - Other platforms like Ant Group, Douyin, and Tencent have also announced measures to combat misleading financial content, with Ant Group reporting the removal of over 58,000 pieces of illegal financial promotional content [28][32][61] - The crackdown is part of a broader initiative to address issues such as excessive speculation, inducement of follow-on trading, and the dissemination of false information in the capital markets [26][59] - The actions taken against these influencers reflect a growing concern over the integrity of the capital markets and the protection of retail investors from fraudulent practices [2][37][58]