The growth in illegal fundraising adds pressure on the Chinese leadership, which is trying to crack down on risks in the financial system while also spurring the economy.
Chinese police investigated more than 10,000 cases of illegal fundraising last year, a 22% rise in the caseload, according to China’s top prosecutors.
The total amount involved also rose, more than doubling to about US$44.5bil (RM182bil), the Supreme People’s Procuratorate said on Wednesday.
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