Plan issued on fight against internet finance crimes
The State Council has recently issued an implementation plan to fight internet finance crimes, which requires rectifying and enhancing management in key fields of internet finance. These include P2P internet loans, stock crowd funding, internet insurance, third-party payment and internet finance advertisements. Work on this started in April and is expected to be completed by the end ofMarch, 2017. Technology, have jointly issued an announcement to combat internet fraud. Those who committed crimes in this sector have until Oct 31 to turn themselves in voluntarily and confess to escape more severe punishment. Those who did not turn themselves in before the deadline and are found guilty will be severely dealt with in accordance with relevant laws and regulations, the announcement said.