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Rectification of suspected risk financial institutions carried out in Yuyao
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In order to go all out to win the battle to prevent and resolve major financial risks, Yuyao has carried out special investigation and rectification of suspected risk financial institutions since early November. Lately, a joint meeting on the investigation and rectification of financial institutions was held to deploy tasks. Xue Xiaowei, Deputy Mayor of the Yuyao City, attended the meeting and delivered a speech.

The target of the special action of comprehensively investigating and rectifying suspected risk financial institutions is 123 suspected risk financial institutions in Yuyao. The list of suspected risk financial institutions shall be determined by the joint meeting of the municipal investigation and control department, and will be distributed to relevant towns (sub-districts). According to the list, the towns (sub-districts) are supposed to carry out joint investigations together with relevant departments to determine the comprehensive risk levels of the institutions, and report to the Yuyao Municipal Office for Combating Illegal Fund Raising. At the joint meeting, the list of institutions with high risk and to be eliminated will be finally determined according to the investigation of towns (sub-districts), and then the towns (sub-districts), together with the public security, market regulatory, tax and other departments, will persuade the institutions with high risk to voluntarily withdraw or cancel the registration. For the institutions that still are not closed or cancelled the registration after face-to-face persuasion, the municipal joint meeting will invite all functional departments together to take further measures to clear the high-risk institutions out of Yuyao by the end of January next year.

The person in charge of the joint meeting on the investigation and rectification of financial institutions said that through this special action, the spread of illegal financial institutions will be effectively curbed, and relevant working experience will be accumulated for screening hidden financial institutions for the next step, so as to ultimately achieve the goal of limiting the addition and removal of high-risk institutions in stock and ensure a stable economic, social and financial security environment in Yuyao.

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