China's Financial Regulators Launch Two-Year Campaign to Eliminate Illegal Cross-Border Securities Operations

GateNews
China's Securities Regulatory Commission and seven other departments jointly issued a comprehensive enforcement plan on May 22 to eliminate illegal cross-border securities, futures, and fund operations. The initiative targets a complete crackdown on unauthorized offshore financial institutions' cross-border activities within two years, with the goal of dismantling illicit operations while managing existing portfolios responsibly.
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