A bank employee counts 100-yuan banknotes in Hangzhou, eastern Zhejiang province. Photo: AFP

China set for massive crackdown on illegal fund-raising after spate of financial crimes

Inter-agency action to see overhaul of sector, monitoring system to be set up to intercept illicit activities, among other measures

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A bank employee counts 100-yuan banknotes in Hangzhou, eastern Zhejiang province. Photo: AFP
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