Shenzhen Securities Regulatory Bureau warned investors to beware illegal
stock-recommendation schemes operating on platforms including Douyin,
Xiaohongshu, WeChat public accounts and independent websites. The regulator said
unqualified operators are using tactics such as purported AI-driven quantitative
stock selection, training programs that effectively recommend stocks, and
impersonation of licensed institutional staff — practices that harm investors’
rights and disrupt market order. Investors were urged to remain vigilant and
protect their assets.
