CSRC said finance blogger Chen Guanghua, operator of a verified self-media account with more than 1.03 mln followers, published false information alleging a tax-rate adjustment on 3 Feb 2026. The regulator found the information untrue, ruled Chen failed to verify it and that the posts disrupted the securities market; he did not obtain illegal gains. CSRC cited interview records, platform data and WeChat group screenshots as evidence and, under Article 193(1) of the Securities Law, imposed a 200,

CSRC said finance blogger Chen Guanghua, operator of a verified self-media account with more than 1.03 mln followers, published false information alleging a tax-rate adjustment on 3 Feb 2026. The regulator found the information untrue, ruled Chen failed to verify it and that the posts disrupted the securities market; he did not obtain illegal gains. CSRC cited interview records, platform data and WeChat group screenshots as evidence and, under Article 193(1) of the Securities Law, imposed a 200,000 yuan fine.