National People's Congress Deputy and former Director of Henan Securities Regulatory Bureau, Niu Xuefeng: Strengthen Policy Expectation Management and Enhance Market Information Governance

LightningPacketLoss · 2026-03-07T05:28:57+00:00

National People's Congress Deputy Niu Xuefeng suggests strengthening information governance in the capital market to address the spread of false information and investor rights protection issues. He advocates establishing a multi-level accountability mechanism, severely punishing false policy interpretations, maintaining market order, and enhancing the effectiveness of policy expectation management.

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2026-03-07 05:28:57

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People’s Financial News, March 7 — At the 2026 National People’s Congress, NPC Deputy and former Director of the Henan Securities Regulatory Bureau, Niu Xuefeng, suggested strengthening policy expectation management and enhancing information governance in the capital markets.

Niu Xuefeng stated that currently, China’s capital market information governance still faces issues such as imprecise policy transmission, the easy spread of false information, and difficulties in protecting investors’ rights, which restrict the high-quality development of the market and the effectiveness of macro policy expectation management.

Regarding false, misleading, or misinterpreted policy behaviors, Niu Xuefeng believes that accountability and disciplinary measures should be strengthened. He recommends that the Cyberspace Administration of China lead the effort to establish a three-dimensional accountability system covering civil, administrative, and criminal responsibilities, strictly crack down on false, misleading, or misinterpreting policy behaviors, and promptly take measures such as ordering the removal of harmful information, fines, and account bans. For malicious dissemination of false information, causing significant market fluctuations or substantial losses, criminal responsibility should be pursued according to law, ensuring comprehensive civil accountability.

(Edited by: Wen Jing)

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