Xing Guijun, director of the Inspection Bureau of the China Financial Supervisory Administration, said at a press conference on December 25 that the General Administration of Financial Supervision and Administration urges financial institutions to strengthen the management of cooperative institutions and guide the public's correct perception by issuing public statements, etc., and that the General Administration of Financial Supervision system has issued more than 1,100 copies of various risk alerts, public statements, or joint proposals. The General Administration of Financial Supervision system has met with public security, procuratorial and other authorities at all levels more than 1,900 times, carried out more than 400 special investigations, continued to deepen coordination between administrative law enforcement and criminal justice, and provided strong legal guarantees for severely punishing illegal intermediaries.

Xing Guijun, director of the Inspection Bureau of the China Financial Supervisory Administration, said at a press conference on December 25 that the General Administration of Financial Supervision and Administration urges financial institutions to strengthen the management of cooperative institutions and guide the public's correct perception by issuing public statements, etc., and that the General Administration of Financial Supervision system has issued more than 1,100 copies of various risk alerts, public statements, or joint proposals. The General Administration of Financial Supervision system has met with public security, procuratorial and other authorities at all levels more than 1,900 times, carried out more than 400 special investigations, continued to deepen coordination between administrative law enforcement and criminal justice, and provided strong legal guarantees for severely punishing illegal intermediaries.