Outspoken market analyst's Chinese social media accounts suspended

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SHANGHAI: The Chinese social media accounts of an outspoken Hong Kong-based market strategist were suspended after a series of downbeat commentaries and a slump in mainland equities to two-year lows on COVID-19

All content on the WeChat account of Hong Hao, who is head of research at Bocom International Holdings, has been blocked since late Saturday . His account has also been suspended, WeChat said, citing unspecified violations of its rules.Representatives of WeChat and Weibo did not respond immediately to emailed requests for comment on Sunday.

Hong did not respond to a Reuters text message seeking comment on the suspensions and a Bocom International representative did not respond immediately to an emailed request for comment. Hong had predicted in March that the Shanghai Composite Index might trade below 3,000 points in a worst-case scenario.for COVID-19, though the index rebounded to 3,047 points on Friday after China vowed to stabilise the economy and financial markets.

 

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