Financial regulatory bureau inspection bureau director Xing Guijun: continue to deepen the cooperation and coordination between administrative enforcement and criminal justice.

Xing Guijun, Director of the Audit Department of the China Banking and Insurance Regulatory Commission, stated at a press conference on December 25th that the regulatory authority is urging financial institutions to strengthen their management of cooperative institutions. By issuing public statements and other means, they are guiding the public to have a correct understanding. The regulatory authority has issued over 1100 risk alerts, public statements, and joint initiatives. The regulatory authority has held more than 1900 consultations with public security, procuratorate, and other authorities, conducted over 400 special investigations, and continued to deepen cooperation between administrative law enforcement and criminal justice to provide strong legal protection for cracking down on illegal intermediaries.