Home / Business / Finance

China targets crime related to internet finance

Xinhua | Updated: 2017-08-10 17:02

BEIJING — Chinese courts have turned their attention towards internet finance crime to safeguard the healthy development of the sector.

Pressure must be placed on fighting illegal fund-raising cases, which are key to controlling financial risks, according to a guideline issued by the Supreme People's Court Thursday.

In handling such cases, courts should coordinate with local authorities to protect the interests of victims, the guideline stated.

It highlighted cases involving the illegal taking of deposits from the public or fraudulently raising funds under the guise of financial innovation.

The guideline also provided instructions on handling civil lawsuits concerning financial disputes.

Over 16,400 people were prosecuted for various financial crimes in 2016.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349