It is suggested that investors should not enter the market. Liu Jipeng, a well-known Chinese financial scholar, is “prohibited from being followed”.

On December 7, netizens discovered that Liu Jipeng, Dean of the Institute of Capital Finance of China University of Political Science and Law and a well-known financial and economic expert, was banned from speaking. His Douyin and Toutiao accounts showed that he was “banned from following.” His Weibo account is normal, but some users reported that they could not add followers. His Bilibili account is currently normal.

Liu Jipeng’s Douyin and Toutiao accounts. Source: Weibo

According to a report by the Central News Agency , the reason for Liu Jipeng’s ban may be related to a series of comments he made recently on the Chinese stock market.

In November of this year, Liu Jipeng participated in the 2024 NetEase Economists Annual Conference, which was jointly hosted by the China Enterprise Reform and Development Research Association, NetEase Finance, and NetEase Finance Think Tank. At the conference, he said:

1. “A single shareholding is not conducive to the healthy development of the capital market, and the upper limit of the shareholding ratio of major shareholders should be reduced to 30%.”
2. It is recommended that investors wait and see, and it is definitely not appropriate to enter the market now. If the system of our capital market is adjusted and changed, such as solving the problem of “a single shareholding,” solving the problem of the company system restructuring of the stock exchange, implementing the registration system, and even stopping quantitative trading and short selling, it will not be too late for friends who are not very familiar with financial knowledge to enter the market.

According to a report by Hexun.com , on December 2, when Liu Jipeng delivered a keynote speech titled “Functional Transformation of the Capital Market” at the 2023 Finance China Annual Conference, he once again pointed out the harm of “a single shareholding” and called for reform of the securities regulatory system.

He said that China has been reforming and opening up for 45 years, and the capital market has been in existence for 33 years, but it is a “market of unfair wealth distribution and lack of justice.”

He also said that today, 33 years after the Chinese capital market, it has reached such a difficult moment, and the reasons can be attributed to “the essence of a single shareholding, plus the fuse of the registration system. Of course, it also includes our regulatory system, especially the organizational system, the relationship between our regulatory departments and the stock exchanges, and the impact on the quality of listed companies.”

In addition, Liu Jipeng also frankly stated: “The A-share market has been hovering around 3,000 points for a long time. The core reason is that our system has problems, and we need new reforms in the securities regulatory system.”

In early November, Liu Jipeng talked about putting the revitalization of the stock market first in an interview with Phoenix Finance’s “Cover” .

Online information shows that Liu Jipeng often expresses his views on the stock market and policies through the media and social media, and is considered by many retail investors to be a conscience who tells the truth.

The news that Liu Jipeng was banned from the entire network has triggered a lot of discussion among netizens. On Weibo, many netizens believe that he was banned for criticizing the stock market and “maliciously singing the economic decline,” and that the official’s move is a typical case of “solving the person who raises the problem if the problem cannot be solved.”

The following netizen comments are compiled from Weibo by China Digital Times:

Outdoor Leopard: What kind of world is this? Are people not allowed to speak?

Event promoters are all beneficiaries: Can you block one person’s mouth and block the world’s vast masses?

Sword Rain Sword: List of financial experts banned from the entire network: 1. Han Zhiguo 2. Dan Bin 3. Wu Xiaobo 4. Liu Jipeng 5. Shui Pi 6. Hong Rong 7. Xu Xiaoyu
Now only Hu Bian and Director Li are left who can speak. [doge]

Recall our youth: #Liu Jipeng was banned# What’s wrong with telling a few truths? If he broke the law, please arrest and sentence him. If not, then give him the right to speak.

Trader Kai: Professor Liu Jipeng was indeed banned!!! Including Weibo.
Just now, I searched for Mr. Liu Jipeng’s Weibo and followed him on Weibo, and it showed that it was successful, but he was not among the people I followed. I operated twice, and it was the same.
This, is the sorrow of Weibo? Or the sorrow of the media? Is it the sorrow of the individual, or the sorrow of society? Is it the sorrow of investors or the sorrow of the stock market?
Instead of solving the problem, they banned the person who proposed the solution first! What kind of operation is this? If Mr. Lu Xun knew, I don’t know if he would be furious! It seems that when everyone tells the truth and raises questions, they have zero tolerance.

If life deceives you 921: I thought this society was becoming more clear, equal, and free. After seeing Liu Jipeng banned, I admit that I was naive again

Angelo_Wang: Liu Jipeng was banned, which shows our usual method: if you can’t solve the problem, solve the person who raised the problem.