The China Securities Regulatory Commission (CSRC), the stock market watchdog, has looked into 17 cases relating to fake news and has imposed “administrative” punishments in 13 cases. Photo: Reuters

Chinese police investigating early April Fools’ Day social media financial rumour

  • People’s Bank of China asks police authority to look into speculation it was planning to cut the required reserve ratio last week
  • The rumour spread on Chinese social media networks including WeChat and Weibo on Friday before being denied by China’s central bank
Topic |   Central Banks

TOP PICKS

The China Securities Regulatory Commission (CSRC), the stock market watchdog, has looked into 17 cases relating to fake news and has imposed “administrative” punishments in 13 cases. Photo: Reuters
READ FULL ARTICLE