At the 2026 National Congress, Niu Xuefeng, deputy to the National People's Congress and former director of the Henan Securities Regulatory Bureau, proposed strengthening the management of policy expectations and strengthening capital market information governance. Niu Xuefeng said that at present, China's capital market information governance still has problems such as inaccurate policy transmission, easy spread of false information, and poor investor rights protection, which limit the high-quality development of the market and the expected management effectiveness of macroeconomic policies. Regarding acts that falsely mislead and misinterpret policies, Niu Xuefeng believes that accountability and punishment should be strengthened. He suggested that the State Internet Information Office take the lead in establishing a three-dimensional civil, administrative, and criminal prosecution system, strictly crack down on false and misleading policy practices, promptly take punitive measures such as eliminating adverse effects, imposing fines, and banning accounts, and refer those that maliciously publish false information, cause major market fluctuations, or cause huge losses to the judicial authorities to investigate criminal responsibility in accordance with the law, and do a good job of three-dimensional civil accountability.

At the 2026 National Congress, Niu Xuefeng, deputy to the National People's Congress and former director of the Henan Securities Regulatory Bureau, proposed strengthening the management of policy expectations and strengthening capital market information governance. Niu Xuefeng said that at present, China's capital market information governance still has problems such as inaccurate policy transmission, easy spread of false information, and poor investor rights protection, which limit the high-quality development of the market and the expected management effectiveness of macroeconomic policies. Regarding acts that falsely mislead and misinterpret policies, Niu Xuefeng believes that accountability and punishment should be strengthened. He suggested that the State Internet Information Office take the lead in establishing a three-dimensional civil, administrative, and criminal prosecution system, strictly crack down on false and misleading policy practices, promptly take punitive measures such as eliminating adverse effects, imposing fines, and banning accounts, and refer those that maliciously publish false information, cause major market fluctuations, or cause huge losses to the judicial authorities to investigate criminal responsibility in accordance with the law, and do a good job of three-dimensional civil accountability.