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Over the weekend, Tencent’s (TCEHY) WeChat froze the public account of Hong Hao, a well-known market analyst in China. The move came after he posted about huge outflows of capital from the country and made bearish forecasts about the Chinese stock market on social media.
Hong is managing director and head of research at BOCOM International, the investment banking arm of Bank of Communications, a state-owned bank and China’s fifth largest.
“All content has been blocked. The user is banned from using the account,” a notice posted on the WeChat account said. It added that the account had “violated” government’s internet rules, without going into details. It also did not specify which post had led to the suspension.
Hong’s account on Weibo (WB), which had more than 3 million followers, has also been removed. A search by CNN Business for the account resulted in a message stating that the user “no longer exists.”
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