Chinese Prosecutors’ Indictments of Financial Crimes Jump Nearly 30%

What’s new: Chinese prosecutors have indicted more than 185,000 people for financial crimes over the past five years, a 28.2% increase compared with the previous half-decade, according to the country’s top prosecutor’s office — the Supreme People’s Procuratorate (SPP).

From 2018 to 2022, prosecutorial agencies cracked down on a number of financial crimes, including high-profile ones involving conglomerates Tomorrow Holding Co. Ltd. and Anbang Insurance Group Co. Ltd., SPP Deputy Procurator-General Sun Qian said at a Wednesday media conference.