Pub­lic Se­cu­rity Min­istry tar­gets pyra­mid schemes

China Daily (Hong Kong) - - CHINA -

pyra­mid scheme, it said, adding that the gath­er­ing was il­le­gal.

Ac­cord­ing to the state­ment, the po­lice per­suaded the demon­stra­tors to leave in an or­derly man­ner. Those who led the group and who re­fused to fol­low po­lice or­ders were taken away for fur­ther in­ves­ti­ga­tion.

Late last week, Chi­nese po­lice cracked down on Shanx­in­hui, ac­cus­ing the com­pany of op­er­at­ing a pyra­mid scheme and cheat­ing peo­ple out of money in the name of rais­ing funds to help the poor.

Zhang Tian­ming, a rep­re­sen­ta­tive of the com­pany, and other sus­pects have been placed un­der “co­er­cive mea­sures”, which may in­clude sum­mons by force, bail, res­i­den­tial sur­veil­lance, de­ten­tion or ar­rest.

Ac­cord­ing to the min­istry, new kinds of fi­nan­cial crimes have in­creased sharply with the rapid devel­op­ment of the in­ter­net. They se­ri­ously risk the healthy devel­op­ment of the fi­nan­cial mar­ket, it said.

“We should re­main on high alert and take ef­fec­tive mea­sures to res­o­lutely pre­vent the fi­nan­cial crimes from turn­ing into a sys­temic fi­nan­cial risk,” a state­ment by the min­istry said.

Dur­ing the cam­paign launched on Tues­day, po­lice of­fi­cers will pay at­ten­tion to com­bat­ing eco­nomic crimes that se­ri­ously dis­rupt fi­nan­cial mar­ket or­der. They will use tech­ni­cal in­ves­tiga­tive tools to de­tect and pre­vent such crimes in a timely man­ner, the min­istry said.

More­over, the min­istry will set up a big-data plat­form to col­lect valu­able in­for­ma­tion that can help spot prob­lems and pre­vent sys­temic risks. It will also cen­tral­ize po­lice of­fi­cers in dif­fer­ent ar­eas to tar­get such crimes, it said.

Xin­hua contributed to this story

YANG YU / FOR CHINA DAILY

Stu­dents from the Con­fu­cius In­sti­tute for Dance and Performance at Gold­smiths, Univer­sity of Lon­don, learn how to paint moon-shaped fans at Jiangsu Univer­sity in Zhen­jiang, Jiangsu prov­ince, on Mon­day. Thir­teen stu­dents from the in­sti­tute learned some Chi­nese and gained a bet­ter un­der­stand­ing of el­e­ments of Chi­nese cul­ture, such as paint­ing, dough sculp­ture and tai chi at a sum­mer camp.

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