China further specifies prosecution standards on economic crimes-Xinhua

China further specifies prosecution standards on economic crimes

Source: Xinhua

Editor: huaxia

2022-04-29 22:51:11

BEIJING, April 29 (Xinhua) -- China issued a revised regulation Friday further specifying standards for registration and prosecution of economic crimes under the jurisdiction of public security organs.

The revised regulation, formulated by China's Supreme People's Procuratorate and the Ministry of Public Security, covers 78 kinds of economic crimes. It will come into force as of May 15.

Systematic revisions were made covering cases involving securities and futures, intensifying crackdown on such crimes.

The criteria for determining criminal liability regarding duty-related crimes now apply to both state and non-state employees: a case shall be filed if the value of money or property involved exceeds 30,000 yuan (about 4,554 U.S. dollars).