Outspoken Analyst Has Chinese Social Media Accounts Suspended

The Chinese social media accounts of a Hong Kong-based market analyst were suspended for unspecified violations, following a series of downbeat reports on the country.

Content on Hong Hao’s WeChat account has been blocked since Saturday and his account has been suspended for violations that WeChat did not specify.

Hong’s account on China’s microblog Weibo has also disappeared since Saturday.

China has often censored negative comments from market analysts and has recently increased scrutiny on downbeat reports as the country’s economy and financial markets face headwinds over harsh COVID-19 lockdowns and political tensions.

Hong, who is head of research at Bocom International Holdings, predicted in March that the Shanghai Composite Index might crash 3,000 points in a worse-case scenario.

The index did drop below the 3,000 mark last week when Beijing began mass testing for COVID-19. It dropped alongside the blue-chip CSI300 Index tumbling to two-year lows, making China’s stock market one of the world’s worst performers this year.

Hong also criticized the implementation of harsh COVID-19 restrictions, writing “Shanghai: zero movement, zero GDP” on Twitter in late March after the city entered lockdown.

© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.