1. How does the state arrange illegal fund-raising? With regard to the breeding of offline illegal fund-raising, the inter-ministerial joint meeting is scheduled to organize a nationwide special rectification campaign on the risks of illegal fund-raising in the second half of the year, and conduct a comprehensive investigation on key areas such as private investment and wealth management, P2P peer-to-peer lending, farmers' cooperatives, real estate, private equity funds, private education, local trading places, mutual insurance and other risk points, find out the risk base, classify and dispose of them according to law, and eradicate the breeding ground of illegal fund-raising. The central bank will take measures such as strengthening the real-name management of payment institutions' accounts. The CSRC will crack down on the illegal issuance of "original shares". The CIRC will conduct special risk investigation on a number of key areas and institutions of illegal fund-raising, focusing on the risks of "elite" marketers and grassroots executives participating in illegal fund-raising. We will carry out nationwide activities to investigate and clean up illegal fund-raising advertisements, strengthen the examination and supervision of advertisements suspected of illegal fund-raising, and study and strengthen the control of financing advertisements published by emerging media such as portals, Weibo, WeChat, mobile phone clients and online search. Second, where is the difficulty of illegal fund-raising governance? At present, there are some difficulties in the governance of illegal fund-raising 1. The pre-approval system for P2P and wealth management by the financial industry authorities has not yet been established, and the market access list and publishing standards of advertisements need to be clarified. 2. Illegal fund-raising activities are hidden, and the main contents of many financial investment advertisements are corporate image promotion and brand promotion, which increases the difficulty of advertising supervision and law enforcement. 3. Advertisements suspected of illegal fund-raising in the Internet field spread quickly, widely and illegally at low cost, and regulatory policies and governance measures need to be further strengthened. 3. What are the frequent areas of illegal fund-raising? Private investment and financing intermediaries, P2P peer-to-peer lending institutions, virtual wealth management, real estate industry, private equity funds, local trading places and mutual insurance are high-incidence areas of illegal fund-raising. In illegal fund-raising, private investment and financing intermediaries have the characteristics of promising risk-free and high returns in the name of investment and wealth management, selling wealth management products to the public to absorb public assets, and setting up investment and financing institutions for entity enterprises to raise funds by themselves. P2P institutions in peer-to-peer lending have some characteristics in illegal fund-raising. For example, online lending platforms design loan demand as wealth management products, publish a large amount of loan information in a false name, and some platforms fabricate false financing projects or loan targets. Virtual financial management has the characteristics of "mutual assistance", "charity" and "compound interest" in suspected illegal fund-raising, and it is not supported by physical projects. To sum up, illegal fund-raising is spreading in the fields of virtual wealth management, private equity funds and peer-to-peer lending. In order to better crack down on illegal fund-raising, the state will crack down on it according to the key points every year. This year, the state organized multi-departments to jointly investigate and deal with illegal offline fund-raising areas. The public security organs strengthen the collection of clues about illegal fund-raising cases, and the procuratorate does a good job in reviewing and prosecuting.