Svmuu reported that today, Caixin Media published an article titled "Big 'V' 'White-Haired Stock Guru' Cross-border Stock Pumping: A 20cm Limit-Up Mentioned in One Tweet? Beware of 'Information Backflow'", pointing out that behind the two 20cm limit-up moves triggered by the "White-Haired Stock Guru" Serenity, besides speculation about the true identity of this big influencer, a more concerning phenomenon worthy of high alert across the entire A-share market is emerging, namely cross-border information backflow. The so-called "information backflow" refers to the behavior where specific domestic interest groups or hot money leverage regulatory gray areas and information asymmetries between domestic and international jurisdictions, using overseas social platforms as "packaging factories" and "megaphones" to then "export for re-import" market rumors (xiaozuowen) and target them for dissemination within domestic communities, thereby precisely manipulating A-share stock prices.
Due to the long-term, high-pressure crackdown by domestic regulators on "illegal stock recommendations," black-market chains, and "shill rumors," the traditional space for domestic illegal stock pumping has been severely compressed. Consequently, these interest chains are extending overseas. However, the ultimate goal of information backflow remains capital harvesting. Alarming screenshots of private messages circulating within communities show that domestic stakeholders have attempted to pay this overseas influencer to pump specific domestic stocks. This indicates that cross-border "information backflow" may be showing dangerous signs of becoming fixed, commercialized, and industrialized.