Related News
Crackdown on illegal fundraising
Print Edition
CHINA will tighten its crackdown on illegal fundraising to fend off financial risks in 2018, according to an inter-agency anti-illegal fundraising meeting.
China will strengthen the supervision mechanism for illegal fundraising, hold local government officials accountable and improve the legal system and public education this year.
Rising illegal fundraising has been curbed thanks to efforts in high-profile cases.
China saw 5,197 illegal fundraising cases in 2016, involving 251.1 billion yuan (US$39.8 billion), down 14.48 percent and 0.11 percent year on year, respectively, official data showed.
Despite the progress, eastern coastal areas, central and western regions with large populations are still vulnerable to fraud.
Internet finance has grown as investors seek higher returns than bank deposits while small businesses secure funds through online brokers. But risks have piled up as regulations cannot keep up with the pace of development.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
