Central Bank: Properly deal with the risks of gold exchanges and "fake gold exchanges", and rectify illegal financial activities such as virtual currency trading and speculation

People's Bank of China has released the "China Financial Stability Report (2023)". The report mentions the ongoing cleaning up and rectification of the financial order. Consolidating the results of shadow banking risk management, promoting the transformation of asset management business and orderly rectification of individual case assets. Prudently disposing of risks related to the Gold Exchange and "fake Gold Exchange", rectifying irregularities in third-party wealth management companies and illegal financial activities such as cross-border internet securities brokers and virtual currency trading speculation. Continue to do a good job in disposing of risks related to existing P2P online lending platforms.

Illicit Finance illegal financial activities

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