A file photo of Guo Shengkun, the public security minister. “There are huge risks in new types of financial crime in this era of the internet,” Guo said in a ministry statement. Photo: Ricky Chung
A file photo of Guo Shengkun, the public security minister. “There are huge risks in new types of financial crime in this era of the internet,” Guo said in a ministry statement. Photo: Ricky Chung
China

China declares war on get-rich schemes, citing risk of social unrest

Public Security Minister Guo Shengkun says operators could trigger instability when their promises of sky-high returns fall flat

Jane Cai
Jane Cai

Updated: 10:30am, 25 Jul, 2017

Why you can trust SCMP
A file photo of Guo Shengkun, the public security minister. “There are huge risks in new types of financial crime in this era of the internet,” Guo said in a ministry statement. Photo: Ricky Chung
A file photo of Guo Shengkun, the public security minister. “There are huge risks in new types of financial crime in this era of the internet,” Guo said in a ministry statement. Photo: Ricky Chung
READ FULL ARTICLE