Officials work to stop flow of 'hot money'

GUANGZHOU: Police say they are keeping close watch on rampant illegal banking, which has been linked to the flow of billions of dollars in "hot money" every year.

Hot money is stolen cash that can be traced back to a crime, such as marked currency or new bills with consecutive serial numbers.

"We've spared no efforts in dealing with the illegal private banks; however, it is by no means easy to track them down," an official with the provincial public security department's economic crime investigation bureau told China Daily.