Financial Services Association, May 22. Yesterday evening, the Shanghai Stock Exchange and the Shenzhen Stock Exchange took precise measures to crack down on “accurate predictions” on the Internet. This type of behavior involves some investors posting predictions about stock price fluctuations in advance on online platforms. These predictions are then highly consistent with actual stock price trends, and have recently attracted widespread attention and questioning in the market.

Together, these notifications send a clear signal that regulators will take necessary measures to ensure the stable and healthy development of the securities market while protecting investors' interests from being infringed upon.

Shanghai Stock Exchange: Supervisory measures have been taken to suspend transactions for 15 days on accounts related to chemical fiber in Nanjing, and the suspected illegal violations discovered have been handed over for further investigation and punishment

Late last night, the Shanghai Stock Exchange issued a notice on the inspection of chemical fiber stocks in Nanjing. The report said that recently, Nanjing Chemical Fiber stock prices have fluctuated greatly. In response to relevant investors' acts of fabricating and disseminating misleading information to disrupt the normal trading order of the market, the firm has taken supervisory measures to suspend trading for 15 days in accordance with regulations, and has handed over the suspected illegal violations discovered for further investigation and punishment. The Shanghai Stock Exchange once again reminds investors to pay attention to investment risks and trade in compliance and prudence.

Shenzhen Stock Exchange: Internet information concerned about the stock price trend of Zhongtong Bus takes regulatory measures to restrict transactions for 15 days according to regulations

Yesterday evening, the Shenzhen Stock Exchange issued a notice on the stock trading situation of Zhongtong Bus: On May 21, 2024, the stock price of Zhongtong Bus fluctuated greatly without significant changes in the company's fundamentals. The Shenzhen Stock Exchange closely monitored the stock's trading situation, and at the same time paid attention to the relevant online information on the stock price trend of the same day, and immediately initiated transaction verification. In response to the acts of relevant investors fabricating and spreading false information, misleading other investors to trade, and disrupting the securities market, we have taken supervisory measures to restrict transactions for 15 days in accordance with regulations, and handed over the suspected illegal violations discovered for further investigation and punishment.

The Internet is not an extrajudicial place. Anyone posting information involving the securities market on the Internet should abide by the law. They must not arbitrarily fabricate rumors or mislead, disrupt the normal dissemination of market information, and affect the normal operation of the market mechanism. At the same time, investors are reminded to enhance their ability to identify online information, pay attention to investment risks, and trade in compliance and prudence.