This is the punishment China’s securities watchdog imposed on influencer Jin Yongrong for manipulating stocks.
📉 Followers as exit liquidity: The influencer, with over 1 million followers, bought shares through multiple brokerage accounts, hyped them to his audience on the Xueqiu 雪球 platform, then sold into the surge in demand.
🚫 Profits seized, market ban: From Sept. 2024 to Apr. 2025, he made about $6 million in illegal gains. The profits were confiscated and he was banned from the securities market for three years.
Watch: Beijing is making it clear that “finfluencer alpha” is no longer a grey zone. Buy first, post second, sell last — and you risk serious money.
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