On June 12, 2024, the Shanghai People's Procuratorate released the "2023 Shanghai Financial Prosecution White Paper". The "White Paper" shows that in 2023, the number of financial crime cases and suspects in Shanghai continued to show a slight downward trend while operating at a high level. Illegal fundraising crimes accounted for 70% of financial crimes, new types of financial investment fraud crimes showed a double "upgrade" in terms of fraud methods and means, manipulation of the securities market became the main type of securities crime, there were cases of financial fraud in key areas, and innovative methods were used for foreign exchange and illegal payment settlement crimes. The risk of using "virtual currency" to transfer assets across borders was highlighted. (CCTV News)