New Reward System for Reporting Financial Scams in China

Starting October 1st, citizens in China can report financial pyramids, pyramid schemes, and illegal direct sales for rewards, with a maximum reward of 10 million yuan. The system aims to encourage active exposure of various financial scams and illegal marketing activities. Reports must be made under real names with complete evidence, and the information should not be already known to law enforcement agencies. Rewards are issued in stages, with a basic reward upon initial verification, additional rewards upon successful case investigation, and a final reward calculated based on the case's scale and severity. Anonymous reports, internal informants, or cases already being handled are not eligible for rewards.