China's central bank disclosed that they have taken action against two individuals who circulated false details concerning interest rate reductions, emphasizing their commitment to combat such deceit.

A 39-year-old woman named Huang and a 42-year-old man named Nie were found to have engaged in disseminating rumors about rate cuts to attract followers, disguised as financial media and information-service providers, as revealed in a statement on the central bank's official Wechat account. The joint operation with the network security department led to the apprehension of the suspects by local law enforcement.

The People's Bank of China announced plans to enhance collaboration with public security agencies to crackdown on illicit activities like spreading false financial information and online rumors. In 2024, the Chinese government investigated over 42,000 cases of misinformation online, with more than 47,000 individuals facing consequences as part of the "Clean Net" initiative, reports the Ministry of Public Security.