Fighting back: Fraud has proliferated in China's loosely regulated online finance industry, but the government has responded aggressively with the State Council approving a one-year plan to clean up online finance, setting stricter rules for peer-to-peer platforms.
BEIJING: Shanghai's online finance association showed its member executives a taste of life behind bars on July 12 as part of an effort to nip crime in the bud in a sector that has been dogged by scandal.
About 50 company representatives heard tales of regret told by jailed financial criminals on a one-day tour of Shanghai Qingpu prison, as part of a programme to "strike illegal fundraising fraud", the association said on its website.
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