In the same period, Chinese police confiscated nearly 10 billion yuan (.6 billion) in illicit assets, it said.
In the second quarter of 2018, the total amount of fraud money has seen a compound annual growth rate of 17 percent, though the number of fraud activities decreased by 26.6 percent, according to statistics from a white paper published by Tencent and the China Academy of Information and Communications Technology, or CAICT.
In the past, banks had limited options for asset management activities. For example, they were not allowed to invest directly in private equity funds or listed securities. According to the new rules, banks can now step into mutual funds and private fund management after receiving necessary licenses for their subsidiaries concerned, said Melody Yang, a partner at international law firm Simmons & Simmons in Beijing.
In the management and renovation of public rental housing and old residential areas in urban areas, priority is given to poor people with disabilities, it said, adding 620,000 persons with disabilities enjoyed public rental housing security in 2018.
In the next step, NDRC will work with relevant departments to ensure the supply of raw materials and accessories to resume production, keep the transportation of finished products unimpeded and protection of the safety of those who return to work.
In the other case, the procuratorate in Dalian found that three Beijing Pangu Investment Co staff members are suspected of destroying accounting evidence on Guo Wengui's instructions.
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In the survey, when asked about their business prospects in China in general, 65 percent of British companies were optimistic about outlook going forward. However, 31 percent said that doing business in China has become more difficult over the last year.
In the latest of such collaborations, Chongqing Changan Automobile Co and Huawei Technologies Co inked a strategic agreement last Wednesday to establish an innovation center as a platform to develop the internet of vehicles.
In the notice, police encouraged the public to provide clues and evidence concerning the gang's criminal activities, and asked members of the gang to surrender themselves to the police within 15 days.
In the meantime, the headquarters will allocate central disaster-relief supplies and assist local governments in flood control and emergency rescue, the circular said.