Financial information service providers should not publish fake information that distorts national policies and disrupts economic orders, according to a new regulation China issued on Wednesday.

To regulate financial information businesses, the latest rule, which will take effect on February 1, said that the financial information service providers should neither generate, copy and publish information that damage financial security and national interests, nor fabricate news about financial markets. And they are also prohibited from promoting financial products and services forbidden by regulators, according to the regulation published on the website of Cyberspace Administration of China (CAC). 

With rapid expanding, some providers of financial information brought negative impacts on the economic and financial stability through speculating on market risks and misreading regulation policies, CAC said in a separate post, noting these misbehaviors should be addressed immediately.