China to crack down on illegal trading of bank card information

BEIJING China’s central bank said on Monday it will crack down on illegal trading of bank card information.

Theft of bank card information and other illegal activities pose a serious threat to the safety of the financial system, according to a notice issued by six government agencies, including the Ministry of Public Security and the China Banking Regulatory Commission.

A nationwide campaign would be conducted from September to Apri, according to the statement posted on the website of the People’s Bank of China.

(Reporting by Beijing Monitoring Desk- Editing by Richard Borsuk)