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Financial Fraud Against Private Investors Continues Rising

The Supreme Procuratorate said financial fraud targeting private investors is still on the rise. Photo: VCG
The Supreme Procuratorate said financial fraud targeting private investors is still on the rise. Photo: VCG

Fraud targeting private investors still thrives in China despite tightening government crackdowns on financial crimes, the country’s top procurators said Thursday.

Financial crime in general has declined since 2017 amid toughening oversight, but scams aimed at random retail investors have been rising, leveraging the internet and innovative tactics, according to the Supreme People's Procuratorate.

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