On June 12, 2024, the Shanghai Municipal People's Procuratorate released the "2023 Shanghai Financial Procuratorate White Paper". The "White Paper" shows that in 2023, Shanghai's financial crime cases and the number of people involved in the case continued to show a slight downward trend in the high-level operation. Illegal fund-raising crimes accounted for 70% of financial crimes. New financial investment fraud crimes showed a double "upgrade" of fraudulent items and means. Manipulation of the securities market crime has become the main type of securities crime. Financial fraud cases occur from time to time in key links. Foreign exchange and illegal payment and settlement crimes are refurbished, and the hidden dangers of using "virtual currency" to transfer assets across borders are highlighted. (CCTV News)