The Ministry of Public Security and the National Administration of Financial Supervision jointly deploy a new round of crackdown on illegal criminal groups in the financial sector engaged in illegal and illicit activities.

On April 3, it was learned from the Ministry of Public Security that on the 2nd, the Economic Crime Investigation Bureau of the Ministry of Public Security and the Inspection Bureau of the State Administration of Financial Supervision and Management held a video conference to jointly deploy a new round of crackdown on illegal activities in the "black and gray" sectors in the financial field. The meeting emphasized the need to coordinate the crackdown with higher standards, not only through strong criminal measures to curb the trend of high crime rates, but also to promote the improvement of financial services and eliminate the breeding ground for financial "black and gray" activities to the maximum extent. It was also highlighted that efforts should be made to strengthen the effectiveness of the crackdown, dig deeper into criminal networks, and develop new strategies and means to combat them effectively. Moreover, it was stressed that collaboration among departments, police forces, and regions should be enhanced to ensure comprehensive and thorough crackdowns on these crimes. The meeting also emphasized strict law enforcement, the use of crackdowns to promote deterrence and prevention, increasing public awareness, and preventing similar crimes from occurring. It was reported that from June to November of last year, the Economic Crime Investigation Department of the Ministry of Public Security handled over 1,500 cases of financial crimes related to "black and gray" activities, dismantling over 200 criminal syndicates, with a total amount involved close to 30 billion RMB.