Internet finance crime targeted

CHINESE courts have turned their attention towards Internet finance crime to safeguard the healthy development of the sector. Pressure must be placed on fighting illegal fund-raising cases, which are key to controlling financial risks, according to a guideline issued by the Supreme People’s Court yesterday. In handling such cases, courts should co-ordinate with local authorities to protect the interests of victims. It highlighted cases involving the illegal taking of deposits from the public or fraudulently raising funds under the guise of financial innovation. More than 16 400 people were prosecuted for various financial crimes in 2016. – Xinhua