CCTV’s online editorial said recent price spikes in Zhonggong Education and
Gongjin shares were driven by forum “vulgar bets,” with Zhonggong posting two
daily limit-ups in four days and Gongjin one, prompting swift regulatory
intervention and trading halts. The piece warned these bets are highly
exaggerated and misleading — claims such as “20x in a year” — and noted crude
hooks are being force-linked to hot themes like nonferrous metals and AI
hardware, materially distorting investor decision-making. It said
traffic-driven, curiosity-focused content can amplify misinformation via
algorithmic recommendation without needing fabricated concrete rumors. The
editorial urged investors not to use forum bets as a buy rationale, to check for
irrational or red-line trading behavior, and stressed that price discovery
cannot be hijacked by lowbrow traffic.
