
Wed, 23 Mar 2022 China Legal Trends CJO Staff Contributors Team
In February 2022, the Supreme People’s Court issued the “Decision to Amend the Interpretation of China’s Supreme People’s Court on Several Issues Concerning Specific Application of Law in the Trial of Illegal Fund-raising Criminal Cases” (关于修改<最高人民法院关于审理非法集资刑事案件具体应用法律若干问题的解释>的决定), which clarifies that any person who conducts fundraising regarding online loans, virtual currency trading, and senior care services may commit a crime.