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

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.