聚焦于资本市场，主要是传播不实信息、歪曲解读政策和公共事件，鼓动群体对立也在资本市场的舆论 场中时有发生。实践中，资本市场有一批粉丝数量大、社会关注度高，在互联网上有较强影响力和示范 效应的网络名人账号，是资本市场信息传播秩序中的重要部分。 "《通知》是信息治理与市场规范的重要突破，对于资本市场意义重大。"南开大学金融发展研究院院长 田利辉表示，资本市场信息具有公共品属性，不实传播易引发"信息瀑布"与市场操纵风险。负面清单直 击"传播不实信息""歪曲政策解读"等痛点，通过制度约束重构传播伦理，推动资本市场信息传播从"流 量逻辑"转向"责任逻辑"。 田利辉指出，《通知》为规范资本市场信息传播秩序提供了指导，资本市场的大V将面临合规成本提升 与专业能力考验，行业生态加速分化：劣者淘汰，优者脱颖而出，最终促进信息质量与市场效率的双向 提升。 网络不是法外之地 中央网信办近日发布《关于规范网络名人账号行为管理的通知》(以下简称《通知》)，加强网络名人(大 V)账号常态化管理，制定了网络名人账号行为负面清单，包括传播不实信息、歪曲解读政策和公共事 件、鼓动群体对立等，对网络名人账号的行为边界作出明确规定。 这对于资本市 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has initiated a crackdown on the dissemination of false information in the capital market, particularly targeting the phenomenon of "small essays" that distort market information and mislead investors [1][2][3]. Group 1: Impact of "Small Essays" - "Small essays" directly distort asset pricing and mislead investment decisions, contaminating the price discovery mechanism in the capital market [1][2]. - They erode the foundational trust in the market, as institutions that should be reliable sources of information become sources of misinformation [2]. - These false narratives provide a breeding ground for illegal activities such as insider trading and market manipulation, harming individual investors and undermining market integrity [2][3]. Group 2: Regulatory Response - The CSRC's recent announcements reflect a shift towards more detailed and penetrating regulatory practices, holding not only individual offenders accountable but also the institutions and their management [3][4]. - The CSRC has introduced 23 systematic measures aimed at creating a fairer, more transparent, and safer investment environment for small investors, emphasizing the importance of a healthy information environment for a healthy capital market [3][4]. - The regulatory approach includes enhancing institutional responsibility and leveraging technology, such as big data and artificial intelligence, to monitor and analyze market information effectively [4].