The State Administration for Financial Regulation and the Ministry of Public Security jointly released the first batch of typical cases of illegal and criminal activities related to "black and grey products" in the financial sector on the 15th. It is reported that the State Administration for Financial Regulation and the Ministry of Public Security have continued to increase their collaborative efforts, deepen the connection between administrative law enforcement and criminal justice, and vigorously crack down on prominent illegal and criminal activities in the financial sector, achieving positive results. The typical cases jointly released by the two departments this time include Ning and others packaging "professional debtors" to commit loan fraud and credit card fraud; Lin, Ma, and others carried out extortion cases under the guise of "proxy surrender". The two departments stated that they will persist in cracking down on illegal and criminal activities related to "black and gray products" in the credit sector throughout the entire chain. In recent years, criminal gangs with illegal loan intermediaries as the core have used methods such as forging down payment vouchers and signing inflated housing transaction contracts to defraud bank credit funds. This not only seriously undermines the national financial management order and endangers national financial security, but also has a negative impact on accelerating the development of new models of construction and real estate. In such cases, illegal loan intermediaries play an important role in organizing and planning crimes, forming a full chain of illegal crimes with them as the hub. They often commit repeated crimes in a short period of time, causing serious social harm and must be cracked down on in accordance with the law. Two departments have stated that they will severely punish criminals who use the form of "proxy rights protection" to cover up their illegal profit purposes in accordance with the law. In recent years, financial "black and gray industry" organizations and individuals have widely released false information about "proxy high refund" under the guise of legal companies, consulting companies, etc., in order to seek illegal benefits, encouraging and inducing policyholders to entrust their agents to "protect their rights", coercing insurance companies to pay refund fees exceeding the cash value of the insurance contract, and collecting high commissions from them. Such behavior squeezes normal channels and resources for complaints and rights protection, misleads policyholders, and disrupts the order of the financial market, which should be severely cracked down on. (New Society)