China is preparing a massive crackdown on illegal fundraising

ChinaFotoPress/Getty Images Chinese authorities will launch a huge crackdown on illegal fund-raising, including in the burgeoning e-finance sector, in light of a series of crimes last year that involved record amounts of money. At a multi-agency meeting attended by 14 ministries and regulators on Wednesday, Beijing said the number of illegal fundraising cases jumped 71 per cent in 2015. The money and people involved rose 57 and 120 per cent respectively – both historic highs. Cases involving o...