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China has arrested 450 suspects this year in a crackdown on capital outflows targeting offshore companies and underground banks

2 months ago
Sky Canaves
he cases involved nearly $30 billion worth of funds, according to the Ministry of Public Security.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.