Financial crime remains serious, legal experts say; apparent drop misleading

Judicial professionals said that while it may appear that financial crimes in China have declined, it's partly because the legal definition of what constitutes such crimes has changed, and the problem actually remains serious.

Efforts must be intensified to prevent financial risks and fight financial crimes, they say.

A report released on Wednesday by the Justice Big Data Institute said that about 8,400 cases of financial crimes were filed in Chinese courts in 2018, down from nearly 14,000 in 2016. Most of the crimes include fraud via fundraising, credit cards, loans and insurance.