SHANGHAI :
Public Security Official Calls for Crackdown on Economic Crimes to Ensure Social Stability
Xu Wei
DATE:  Jul 24 2017
/ SOURCE:  Yicai
Public Security Official Calls for Crackdown on Economic Crimes to Ensure Social Stability Public Security Official Calls for Crackdown on Economic Crimes to Ensure Social Stability

(Yicai Global) July 24 -- China will push to crack down on illegal economic activities that affect the general public and pose a threat to financial stability, and facilitate socioeconomic development while cutting back on financial risks, Guo Shengkun, the country's vice minister of public security, said at a meeting of police chiefs.

In recent years, public security organs have cracked down on illegal behavior that goes against public interest, Guo said, adding that this had contributed greatly to the country's political and economic security and social stability. However, they should be aware of the significant risks associated with new financial crimes made possible via the internet, and the serious threat these risks pose to the healthy development of financial markets. All divisions must stay alert to prevent financial crimes from evolving into systemic risks to ensure overall social stability, he said.

Guo requested all police departments place equal emphasis on case investigations and risk prevention, and resolutely fight crimes which cause serious disorder on the financial market. The aim is to effectively improve crime-fighting capabilities and risk prevention while supporting economic growth and stability. Big data technology should be applied to predict, warn and prevent against the latest trends in economic and financial crimes and create fully-integrated crime-tackling systems that factor in the broad social and geographic impact of crimes affecting the general public and threatening financial stability.

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Keywords:   Regulator,Economic Crime