The Ministry of Public Security directed the crackdown on a Guangdong-Hong Kong cross-border underground bank case

China News Service, Beijing, September 29 (Reporter Guo Chaokai) Reporter learned from the Ministry of Public Security on the 29th that in May this year, the Ministry of Public Security directed and deployed public security agencies in Guangdong and other places to join forces with the Hong Kong police to launch a centralized and unified operation to close down a cross-border underground bank criminal gang entrenched in Guangdong and Hong Kong. A total of more than 170 suspects were arrested, more than 15 million yuan of funds involved in the case were frozen, and various properties involved in the case were seized with a value of about 170 million Hong Kong dollars, achieving significant results.

In September 2025, the Hong Kong police discovered anomalies in the cross-border fund data of some Hong Kong bank accounts and needed to work jointly with the mainland public security agencies. After receiving a request from the Hong Kong police for assistance in the investigation, the Economic Crime Investigation Bureau of the Ministry of Public Security mobilized elite forces to form a task force to carry out crackdowns on the case.

After investigation, the public security organs found that the criminal gang had established shell companies in the mainland and Hong Kong, taking advantage of Guangdong's geographical location adjacent to Hong Kong, and established illegal fund transfer channels through domestic and overseas "blackmail", false trade, cash and gold smuggling, virtual currency transactions and other means to provide cross-border fund transfer services for crimes involving gambling and fraud. The amount involved was huge.

In May 2026, the mainland public security organs launched a unified operation, freezing more than 15 million yuan, and seized a large number of crime tools such as mobile phones and bank cards on site; the Hong Kong police simultaneously dispatched police forces and successfully captured the first offender Xie Moumou and two key members of the gang. They seized various property involved in the case worth about 170 million Hong Kong dollars on site, completely destroying the cross-border underground bank criminal gang.

The relevant person in charge of the Economic Crime Investigation Bureau of the Ministry of Public Security stated that in recent years, mainland public security agencies have continuously promoted cooperation with the Hong Kong police in combating cross-border economic crimes, deepened law enforcement cooperation channels, and formed a strong deterrent to cross-border economic crimes. This joint operation reflects the firm determination of both parties to work together to maintain financial security. The mainland public security agencies will further strengthen law enforcement cooperation with the Hong Kong police, severely crack down on various cross-border economic crimes in accordance with the law, and resolutely maintain the economic and financial order of the Guangdong-Hong Kong-Macao Greater Bay Area.