Private financial management has been hit by thunderstorms one after another, and illegal fund-raising cases have occurred frequently.

Against this background, yesterday, 14 ministries and commissions, including the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Public Security, and the China Banking Regulatory Commission, held an inter-ministerial joint meeting to deal with illegal fund-raising and stated that they would crack down on illegal fund-raising and curb the spread of illegal fund-raising.

Regarding the places where illegal fund-raising thrives offline, the inter-ministerial joint meeting is scheduled to organize a national special rectification campaign on illegal fund-raising risks in the second half of the year, targeting key areas such as private investment and financial management, P2P online lending, farmer cooperatives, real estate, private equity funds, and private education, local

Conduct comprehensive inspections of risk points such as trading venues and mutual insurance to find out the risk base, classify and deal with it in accordance with the law, and eradicate the breeding ground for illegal fund-raising.

Among them, one bank and two meetings have deployed the focus of the next step of special rectification.

The central bank will take measures such as strengthening the real-name management of accounts at payment institutions.

The China Securities Regulatory Commission will severely crack down on illegal issuance of "original shares" and other activities.

The China Insurance Regulatory Commission will carry out special risk investigations in a number of key areas and key institutions for illegal fund-raising, focusing on investigating the risks of "elite" marketers and grass-roots executives participating in illegal fund-raising.

For online Internet finance, illegal fund-raising methods should be curbed from the source of advertising management.

A nationwide investigation and cleanup of illegal fund-raising advertising information will be carried out from May to July, to strengthen the review and supervision of suspected illegal fund-raising advertisements, and to study and strengthen the release of financing in emerging media such as portals, Weibo, WeChat, mobile clients, and Baidu search.

Control of similar advertising.

In this regard, the State Administration for Industry and Commerce stated that it will focus on strengthening the monitoring of illegal fund-raising advertisements, organizing and carrying out special law enforcement actions, cooperating in the risk management of key cases such as "E-Zubao", and strengthening the self-discipline responsibility of the media.

Ding Jianchen, a professor at the School of Finance at the University of International Business and Economics, believes that to solve the problem of illegal fund-raising, the government should also clarify the boundaries of power.

It believes that in order to speed up the transformation of service-oriented government, the formal economy led by the government is too strong, which will inevitably weaken the development of the private economy and force it to turn to private finance where illegal fund-raising is full of chaos.

Secondly, it is necessary to accelerate innovation in the financial system and encourage state-owned banks and other banks to establish specialized credit institutions for small and medium-sized enterprises.

In terms of regulatory objects, Ding Jianchen proposed that for residents, it is necessary to improve the financial literacy of the entire nation and popularize investment and financial management knowledge.

For financial institutions and their practitioners, the financial management business of commercial financial institutions should be standardized and the professional quality of financial management personnel should be improved.

Focus 1: The breeding ground for illegal fund-raising. Experts believe that the supply of formal finance has been insufficient for a long time, and private funds have entered high-risk areas.

Ding Jianchen introduced that as early as the early 1980s, the term "illegal fund-raising" had emerged.

The emergence of illegal fund-raising has corresponding survival soil and conditions.

"For a long time, the supply of formal finance has been insufficient. Private finance as an informal financial system has emerged as the times require. A large amount of private funds have entered high-risk areas such as real estate and loan sharking through various illegal fund-raising channels." Ding Jianchen added that in recent years, people's pension

, education, housing and other survival pressures and the need for wealth preservation have increased, the economic downward trend is obvious, and it has also created a natural soil for illegal fund-raising.

In addition, on the corporate side, private enterprises are under great pressure to survive and have increased financing needs. In the absence of social integrity, these have provided conditions for illegal fund-raising.

In addition, the shortcomings of human nature also provide a living space for illegal fund-raising.

"Many of the people who are deceived by 'illegal fund-raising' are middle-aged and elderly people who have extra money and are hungry for investment," Ding Jianchen believes. Due to the endless fraud methods of many illegal fund-raising companies, many people are lured by high profits and are deceived.

Focus 2: What is the difficulty in controlling illegal fund-raising? The joint meeting believes that the current illegal fund-raising is a criminal form that is highly professional, concealed, and highly deceptive. In addition, illegal fund-raising has an obvious trend of networking and is accelerating its spread.

"Nowadays, many illegal fund-raising companies use the banner of bank or government support, or have celebrity endorsements, and some illegal fund-raising companies place advertisements in mainstream media," some experts said. In addition to the above inducement, illegal fund-raising also has a certain degree of concealment.

Sex, "Before the boss ran away, the company demolished one wall to make up for the other. But once the capital chain broke and the boss ran away, illegal fundraising was discovered." In recent years, with the rise of the Internet, traditional fund-raising methods have been transformed with the help of the Internet.

Upgrading, and a large number of Internet financial platforms with irregular transfers from offline to online have emerged, making illegal fund-raising spread faster and covering a wider range, making it more difficult to crack down.

The joint meeting believed that the obvious trend of networking and the accelerated spread of the virus have made it more difficult to crack down on and deal with cases.

The State Administration for Industry and Commerce also stated that there are currently certain difficulties in controlling illegal fund-raising.