Chinese police crack 78,000 cases of economic crimes in 2024

Police in China have cracked 78,000 cases of economic crimes in 2024, the Ministry of Public Security said, adding that the money involved in the cases exceeded 800 billion yuan ($109 billion).

The police carried out a special campaign last year to crack down on the behavior of transferring illicit gains to overseas destinations through offshore companies and underground banks.

The campaign has led to the investigation of more than 3,000 cases, effectively cutting off a number of channels for illicit funds transfers, the ministry said.

The police also launched another two campaigns last year. One focused on crimes of counterfeiting money and invoices and the other focused on insurance fraud, tax-related crimes, illegal fundraising, pyramid schemes, crimes related to securities and futures and corruption in private companies.