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China Daily | Updated: 2018-02-28 07:58
Govt and policies
Tighter scrutiny on fundraising efforts
China will tighten its crackdown on illegal fundraising to fend off financial risks in 2018, according to an inter-agency anti-illegal fundraising meeting. The nation will strengthen the supervision mechanism for illegal fundraising, hold local government officials accountable, and improve the legal system and public education in 2018. Key fields including online lending, property and rural cooperatives will be under greater scrutiny. Rising illegal fundraising has been contained thanks to efforts against high-profile cases.
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