Off the wire
• Spotlight: Xi's fruitful Middle East tour highlights China's commitment to building new type of int'l relations  • Chinese company explores Arab market through e-commerce  • 35 militants killed in fresh Afghan raids: gov't  • Senior CPC official highlights role of think tanks  • CPC publicizes frugality code violations  • 20-car pile-up near Indian capital due to dense fog  • Experts call for stronger ties between China, U.S.  • Hebei uses ADB loans to improve air quality  • 620 mln Chinese surf Internet via cell phone  • China's electronic information industry grows  
You are here: 　 Home

China vows to fight economic crimes

Xinhua, January 24, 2016 Adjust font size:

Chinese procurators pledged to crack down on economic crimes as the country embraces a "new normal" of slower growth but of high quality.

Procurators will play an active role in regulating Internet finance, and fighting securities and futures-related crimes, according to a statement released Saturday after a national meeting that brought chief procurators from across the country together in Beijing.

Chinese authorities have announced a campaign to regulate Internet finance, which is growing rapidly but threatens social stability due to illegal activity.

Political and legal work departments at all levels will cooperate with banking regulatory authorities to establish a monitoring and warning system against financial risks and enhance information sharing among different regions and departments, according to a statement released at the central conference on political and legal work held Friday to Saturday in Beijing.

Procurators also vowed to protect the legitimate rights of state-owned enterprises, private businesses, small and micro companies, and foreign-funded enterprises equally to encourage business vitality.

Efforts will continue to fight infringement of intellectual property rights as well as crimes involving environmental destruction, according to the statement. Endi