IN BRIEF (Page 4)

Beijing

Authority to get toughon economic crimes

The Supreme People's Procuratorate has issued a statement promising severe punishments for economic crimes that affect the interests of large numbers of people, including illegally absorbing public deposits and fundraising fraud. It also urged procuratorates to place a higher priority on the prevention of financial risks, cracking down on crimes such as money laundering and underground banking, and taking an active part in online financial risk management.