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Douyin

The Zhejiang financial circle collapsed, and the anti-corruption efforts over the past two years have not been limited to government departments.
  • I saw a report on Douyin about an anti-corruption investigation in the Zhejiang financial sector. I had written about the prelude to financial corruption once before, but didn’t follow up on related reports afterward.
  • I still check financial news every day, and previously I rarely saw any reports about financial corruption. However, there have been increasing reports of financial corruption over the past two years, with more and more senior executives from banks, securities firms, and other financial institutions being investigated. Financial Anti-Corruption Curtain Rise

“Increased scrutiny of third-party advisor regulation, and the beneficiaries behind the ‘Douyin (TikTok) stock trading’ phenomenon face a crackdown?”
  • The hammer is falling.
  • Following the surge of short videos, investment advisory services are reportedly entering a fast lane.
  • In late September, after a period of intense activity in the A-share market, Douyin (TikTok) recommendations for stocks garnered attention from various parties.
  • Numerous financial commentators have risen to prominence on Douyin, indirectly causing some volatility in capital markets.
  • Behind these rapidly rising financial commentators lies a significant force: third-party investment advisory service companies.
  • It’s understood that many third-party advisory firms operate multiple accounts on short video platforms, using content distribution (投流) to attract users to watch investment teaching videos and boost enthusiasm for purchasing corresponding products.
  • There are even rumors that one third-party advisory firm achieved revenue of 10 billion yuan in October alone, exceeding its first-half earnings.
  • However, “good times” are facing more uncertainties.
  • Since November, multiple departments have issued notices requiring securities service institutions to strengthen the compliance management of self-media accounts.
  • On November 15th, Futu Securities (300033.SZ) announced that a subsidiary was penalized by the China Securities Regulatory Commission for engaging in suggestive stock recommendations through livestreaming.
  • This may be signaling a stricter regulatory environment.
  • The expansion of third-party investment advisory service firms like Fangyuan Intelligence Investment (9636.HK) is likely to face greater pressure.

Close Monitoring by Regulators

The rise of short video platforms like Douyin (TikTok) has amplified emotional voices and indirectly impacted trading behavior.

When you want to make money

Ordinary people are social animals, that’s right – you are an individual, and also a bipedal animal, with strong social attributes; you have feelings of inferiority and vanity, and society is constantly changing and eroding your everydayness. We don’t discuss those great figures, those who willingly burn themselves for society or the nation.

My Current Situation

Looking at average salaries or my hometown wages, my current income is significantly above the average – what’s there to be dissatisfied with?