The report said influencer 'Serenity' may have fueled sharp rallies in small-cap A-shares from overseas, raising concerns over cross-border stock touting and possible market manipulation.
Cailian Press warned of "cross-border information backflow" after influencer "Serenity," known as the "white-haired stock god," was linked to two 20% limit-up moves in A-shares. The report said Serenity may have fueled sharp rallies in small-cap A-shares from overseas, adding to concerns that stock-promotion content can be packaged on offshore social platforms and then recirculated into Chinese investor communities. It said Serenity’s identity and any links to domestic teams or paid interests remain unverified, but noted Chinese regulators could assert jurisdiction if paid stock touting affected the A-share market, underscoring broader concerns about coordinated hype and potential market manipulation.