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According to Caixin, recently overseas financial blogger "Serenity" (White Hair Stock God) mentioned the A-share stocks "Lüde Harmonic" and "Yishite" on social media platforms.
After the related posts were reposted back in China, they triggered a rush of funds, causing the two stocks to hit the 20% daily limit up successively.
This incident has sparked strong controversy among securities analysts and the market.
The report warns that high vigilance is needed against this phenomenon of "cross-border hype" and "information backflow."
Such behavior is suspected of exploiting information gaps between domestic and international markets and regulatory gray areas, in collusion with hot money to carry out "export-to-domestic" market manipulation and to harvest retail investors.