BlockBeats News, May 22nd. With the approval of the State Council of China, eight departments including the China Securities Regulatory Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the Cyberspace Administration of China, and the State Administration of Foreign Exchange jointly issued the "Implementation Plan for Comprehensive Rectification of Illegal Cross-Border Securities and Futures Fund Operations." The targets of rectification specified in the plan include:

· Overseas institutions conducting illegal cross-border securities and futures fund business activities.

· Domestic affiliates or partners assisting overseas institutions in illegal cross-border operations, as well as domestic illegal intermediaries who solicit, guide domestic investors to open securities and futures accounts, and profit from it.

· Websites, apps, and other internet platforms in China that illegally disseminate marketing information, provide unauthorized securities and futures account opening services, as well as domestic online self-media that illegally publish account opening tutorials, experience sharing, and other information.