Beijing Local Financial Supervision Administration: Continuously strengthen the crackdown on illegal fund-raising, ICO and other illegal activities

Zou Shibin, deputy inspector of the Beijing Municipal Bureau of Local Financial Supervision, said at the meeting yesterday that the Beijing Local Financial Supervision Administration will continue to increase the risk disposal in key areas and comprehensively implement the national mutual gold rectification in accordance with the requirements of the national unified special rectification. The Office and Network Loan Remediation Office will fulfill the task requirements of P2P special rectification, actively support industry associations to play a self-discipline role, improve the long-term supervision mechanism in key areas, and continuously strengthen the crackdown on illegal fund-raising, ICO and other illegal activities. Continue to play the two "mechanisms" that Beijing has built. One is the supervision and coordination mechanism led by the PBOC, and the other is the risk disposal mechanism led by the local financial supervision bureau. Increase the provision of front-line supervision forces and increase the participation of the national financial management department.