Bancassurance Regulatory Commission: at this stage, the risk situation of illegal fund-raising is still grim, complex stock risk will still be "revealed"

[Bancassurance Regulatory Commission: at this stage, the risk situation of illegal fund-raising is still grim and complex. The stock risk will still be "revealed". As the lead unit of the joint meeting, on April 20, the China Banking and Insurance Regulatory Commission organized a 2023 working meeting of the inter-ministerial joint meeting on dealing with illegal fund-raising. The meeting pointed out that affected by a variety of factors, the risk situation of illegal fund-raising at this stage is still grim and complex. The stock risk will still be "revealed", and major cases will remain at a high level. Incremental risk inducing factors are increasing, affecting a wide range of areas, and risk accumulation in some areas. Some criminals illegally raise funds across provinces and regions through the combination of online and offline, which speeds up the spread of risks, enhances spillover and concealment, and is difficult to find and deal with.