Shanghai cracked a major case of illegal operation, offering free recommendations for bonds as a ploy to induce the purchase of long-term suspended bonds.

The live broadcast room falsely promotes the bonds as free recommendations, claiming that buying them will result in profits, when in fact the relevant bonds have already been transferred to a special trading board due to issues with the issuing party. On March 13th, as International Consumer Rights Day approaches, Shanghai police revealed a major illegal operation case in which more than 30 suspects were caught for illegally enticing investors to buy suspended bonds through online live broadcasts. The total amount involved in the case exceeds 200 million yuan.