The Ministry of Public Security and the State Administration of Market Supervision jointly deployed a new round of crackdown on illegal activities in the financial sector.

date
12:10 03/04/2026
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GMT Eight
On the 2nd day, the Economic Crime Investigation Bureau of the Ministry of Public Security and the Inspection Bureau of the China Banking and Insurance Regulatory Commission held a video conference to jointly deploy and launch a new round of crackdown on illegal activities in the financial sector.
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 Administration held a video conference to jointly deploy a new round of crackdown on illegal criminal clusters in the financial sector, further rectify the chaos of illegal financial intermediaries, resolutely maintain financial regulatory order, protect the legitimate rights and interests of financial consumers, and strive to provide high-level security for the high-quality development of finance. The meeting pointed out that it is necessary to coordinate the cluster crackdown work with higher standards, not only to curb the high incidence of crime through strong criminal crackdown, but also to promote the improvement of financial services to minimize the breeding ground for financial "gray" crimes. Building on the previous round of cluster crackdown work, it is necessary to further leverage the advantages of the new policing operation model of "professional + mechanism + big data", and promote the upgrading of work. It is necessary to strengthen the practical orientation, problem orientation, grassroots orientation, and effectiveness orientation, persist in cracking down on whatever crime is prominent, target the key areas of financial "gray" crimes, and spare no effort to trace the source, break up networks, and solve cases. The meeting emphasized the need to improve the quality and effectiveness of the crackdown, dig deep into the criminal chains and gangs, classify the crackdown strategies, extend the crackdown to the black hands behind the scenes, and ensure new breakthroughs in the cluster crackdown. It is necessary to highlight the key areas of crackdown, focus on illegal credit intermediary agencies, illegal online lending platforms and auxiliary lending institutions, illegal insurance broker intermediaries, and unauthorized "anti-debt collection" intermediaries of credit cards, explore innovative strategies, new paths, and new methods of crackdown and governance. It is necessary to strengthen departmental cooperation, police cooperation, and regional cooperation, further improve long-term mechanisms such as clue reporting, and ensure a thorough and comprehensive crackdown. Cases must be handled strictly in accordance with the law, adhere to a combination of crackdown and prevention, increase prevention and publicity efforts, and enhance public awareness of prevention. It is understood that from June to November last year, the Ministry of Public Security, in conjunction with the National Financial Regulatory Authority, for the first time launched a crackdown on illegal criminal clusters in the financial sector. The economic investigation departments of the public security organs investigated and handled more than 1,500 cases of financial "gray" crimes, dismantled more than 200 professional criminal gangs, and the total amount involved in the cases accumulated nearly 30 billion yuan. This article is reproduced from "Xinhua News Agency"; GMTEight Editor: Huang Xiaodong.