CSRC Fines Chen Guanghua 200,000 Yuan for Spreading False Tax Rate Information

China's Securities Regulatory Commission (CSRC) said on September 11 that it has concluded an administrative penalty case against Chen Guanghua for fabricating and spreading false information. According to Jiemian News, Chen used a verified social media account with more than 1.03 million followers to post tax-rate adjustment information on February 3, 2026; the regulator said the information was false and that Chen failed to verify it before sharing it, disrupting the securities market. The CSRC said Chen made no illegal gains and imposed a 200,000 yuan fine.