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Shanghai Composite' Searches Blocked in China
By Bloomberg News - Jun 4, 2012 8:50 AM ET . Print QUEUEQ..Searches for “
Shanghai Composite” were blocked from China’s most-used microblogging
service after the stock index’s drop on the 23rd anniversary of the
Tiananmen Square crackdown corresponded to the date of the event.
The benchmark Shanghai Composite Index dropped by 64.89 (SHCOMP) points,
matching the date on which Chinese authorities crushed student-led protests
on June 4, 1989. Queries for “Shanghai Composite” on Sina Corp.’s Twitter
-like Weibo service returned a message that said results can’t be displayed
“in accordance with relevant laws, regulations and policies.”
China strictly prohibits references to the crackdown, in which hundreds of
protesters were killed by troops, as part of the government’s censorship of
websites, newspapers and television that bars criticism of the ruling
Communist Party. This year, authorities are also trying to ensure a smooth
leadership transition scheduled for later in 2012 and seeking stability
after the suspension of Politburo member Bo Xilai.
“It’s difficult to orchestrate but the coincidence is just mind-boggling,
” Willy Wo-Lap Lam, an adjunct professor of history at the Chinese
University of Hong Kong, said in a phone interview today.
Queries for “Shanghai Composite” on the website of Baidu Inc. (BIDU),
China’s most-used Internet search engine, returned results that showed the
index’s decline. Other websites including Sina’s financial news portal and
that of China Finance Online Co. also carried stock market reports with the
index’s drop in points.
“We didn’t see anything abnormal in the market today,” said Chen Ji,
spokesman for the Shanghai Stock Exchange. “We don’t have any further
comment.”
Weibo Scrutiny
Sina’s Weibo service, with more than 300 million registered users, has been
subject to increased scrutiny. The company, along with rival Tencent
Holdings Ltd. (700), were ordered to disable the comment function on their
microblog services for 72 hours in March after authorities detained six
people accused of spreading rumors of a coup attempt in Beijing.
Cathy Peng, a Beijing-based spokeswoman for Sina, didn’t immediately answer
calls to her office after normal work hours.
In December, China began requiring microblog users in cities including
Beijing, Guangzhou and Shenzhen to register their real names. That rule will
be expanded to other regions, Wang Chen, minister of the State Council
Information Office, said in January.
To contact Bloomberg News staff for this story: Allen Wan in Shanghai at
a***[email protected]
By Bloomberg News - Jun 4, 2012 8:50 AM ET . Print QUEUEQ..Searches for “
Shanghai Composite” were blocked from China’s most-used microblogging
service after the stock index’s drop on the 23rd anniversary of the
Tiananmen Square crackdown corresponded to the date of the event.
The benchmark Shanghai Composite Index dropped by 64.89 (SHCOMP) points,
matching the date on which Chinese authorities crushed student-led protests
on June 4, 1989. Queries for “Shanghai Composite” on Sina Corp.’s Twitter
-like Weibo service returned a message that said results can’t be displayed
“in accordance with relevant laws, regulations and policies.”
China strictly prohibits references to the crackdown, in which hundreds of
protesters were killed by troops, as part of the government’s censorship of
websites, newspapers and television that bars criticism of the ruling
Communist Party. This year, authorities are also trying to ensure a smooth
leadership transition scheduled for later in 2012 and seeking stability
after the suspension of Politburo member Bo Xilai.
“It’s difficult to orchestrate but the coincidence is just mind-boggling,
” Willy Wo-Lap Lam, an adjunct professor of history at the Chinese
University of Hong Kong, said in a phone interview today.
Queries for “Shanghai Composite” on the website of Baidu Inc. (BIDU),
China’s most-used Internet search engine, returned results that showed the
index’s decline. Other websites including Sina’s financial news portal and
that of China Finance Online Co. also carried stock market reports with the
index’s drop in points.
“We didn’t see anything abnormal in the market today,” said Chen Ji,
spokesman for the Shanghai Stock Exchange. “We don’t have any further
comment.”
Weibo Scrutiny
Sina’s Weibo service, with more than 300 million registered users, has been
subject to increased scrutiny. The company, along with rival Tencent
Holdings Ltd. (700), were ordered to disable the comment function on their
microblog services for 72 hours in March after authorities detained six
people accused of spreading rumors of a coup attempt in Beijing.
Cathy Peng, a Beijing-based spokeswoman for Sina, didn’t immediately answer
calls to her office after normal work hours.
In December, China began requiring microblog users in cities including
Beijing, Guangzhou and Shenzhen to register their real names. That rule will
be expanded to other regions, Wang Chen, minister of the State Council
Information Office, said in January.
To contact Bloomberg News staff for this story: Allen Wan in Shanghai at
a***[email protected]
