Problem postings (4)

Lack of regulation

Huang said it was inappropriate that Pan only posted the information about the bid on his Weibo, without giving further details of the contract.

"He didn't specify the value of the contract or the timeline of the project, which leaves investors wondering about the details. So Pan's message could be misleading for investors," said Huang,

Experts also noted that posting information that is not officially announced by the company is similar to leaking inside information, even if that was not Pan's intention.

The CSRC did not respond to an interview request faxed by the Global Times. But in an earlier response to media reports in October, the commission said that it would look into the matter if it involved a deal that was significant enough.

However, Huang said that the CSRC should take measures to crack down on such posts whether the deal is significant or not, given the potential impact of such behavior.

"Pan's posts have misled the investors and caused unusual share price fluctuations. Of course such behavior should be regulated," said Huang, who also noted that the problem would become worse if the authorities take no measures to deal with it.

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