| Primary indicator | Secondary indicators | Indicator Convergence | Explanation of indicators | |
| Dissemination source | Key Channel Engagement | + (−) | Participation of 29 central-level media, 755 key opinion leaders with millions of active fans, 15,334 key opinion leaders with active millions of followers | |
| Participation of Central-level media | + (−) | The degree to which the online public further participates in the discussion of events through horizontal participation in the central-level media, financial media, and technology media sectors | ||
| Participation of Financial media | + (−) | |||
| Participation of Technology Media | + (−) | |||
| Dissemination speed and range | Average propagation speed per hour | + (−) | Average number of spreads per hour during the duration of the hotspot event | |
| Peak propagation speed | + (−) | The number of fastest-spreading hotspot events in one hour | ||
| Event Impact Index | + (−) | The comprehensive evaluation value of the spread effect of the event on the three platforms of online media, Weibo and WeChat | ||
| Public opinion ranking | + (−) | The event’s ranking among all events in the entire public opinion field under that hour | ||
| Transmission speed and range | Number of negative lead articles | − | Number of reports with positive leading attitude terms | |
| Number of positive introductory reports | + | Number of reports with negative leading attitude terms | ||
| Number of non-leading stories | + (−) | Number of reports that do not carry leading attitudinal terms | ||
| timeliness | Accounting firm response speed | + | The response of accounting firms during the duration of online public opinion is numerically defined by 1 - 5 numbers, with “1” indicating very slow, very poor, very little, very low; “2” indicating slow, poor, little, low; “3” means average, “4” means faster, better, more, higher; “5” means very fast, very good, a lot, very high | |
| Attitude of Accounting firm | + | |||
| Number of accounting firm responses | + | |||
| transparency | Accounting firm information disclosure | + | ||
| Direct Responsiveness | Value of change in annual revenue of accounting firms | + | The amount of change in the values of the indicators of the accounting firm in the year before the incident and the year after the incident | |
| Value of the change in the level of fees for audit services of accounting firms | + | |||
| Value of change in the number of CPAs in accounting firms | + | |||
| Change in the number of IPO clients of accounting firms | + | |||
| Value of change in market share of accounting firms | + | |||
| Indirect Responsiveness | Timeliness | Speed of CSRC Response | + | The CSRC’s response during the period of sustained online public opinion is defined numerically by 1 - 5 numbers, with “1” indicating very slow, very poor, little, and low; “2” indicating slow, poor, little, and low; “3” means average, “4” means faster, better, more, higher; “5” means very fast, very good, a lot, very high |
| Attitude of CSRC Response | + | |||
| Transparency | Number of CSRC responses | + | ||
| CSRC Information Disclosure Degree | + | |||