The China's financial regulators and the Ministry of Public Security jointly made the high profile announcement on the setting up of a special task force to crack down the underground banks. This will certain cause a considerable shocks to the domestic market.

Anbound’s scholars are of the view that the operation stretched beyond the cleaning up of the financial market and has upgraded to a national-level action to protect the nation’s financial security and to crack down the money laundering activities connected to corrupt officials.

The comprehensive, strengthened cleaning up operation will be the serious feature of the China’s financial market in the future.