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At a Glance

AFTER a trading company launched an online peer-to-peer (P2P) lending platform with an advertised daily interest rate of 8 percent, it was immediately detected by the city’s fi nancial regulators.

Within three days, the authori-ties handed the suspected fraud case over to the police.

Thanks to the newly devel-oped systems powered by the latest technologies, fi nancial regulators in Shenzhen are now well-equipped to monitor and detect suspicious fi nancial activities, especially those con-ducted online.

Lingkun, the latest of the

systems, was put into operation Monday. It was jointly devel-oped by the city government and Shenzhen-based Internet giant Tencent.

Using technology such as big data, artifi cial intelligence and knowledge graphs, the system can access government data-bases and detect fi nancial risks in more than 10 areas, includ-ing Internet fi nance, invest-ment and foreign exchange trading.

During its trial operation, Lingkun proved to be a power-ful tool for regulators. After scanning activities of 11,000 fi nance companies, it issued

more than 60 high-risk alerts to the regulators in 10 provincial-level localities.

Financial regulators in Shenzhen said the new systems focused on fi nancial activities that involved unreasonably high profi t rates, unusual growth in transactions and overly compli-catedly business relations.

“The higher the profi t rate or number of investors a fi nancial product has, the higher level of alert the system will issue,” said He Xiaojun, director of the fi nance service offi ce of the Shenzhen government.

He added that the system could also help the regulators

peer into the inter-relations between participants in fi nancial activities, enabling them to track capital fl ow and pinpoint the key fi gures in question.

“Some fi nancial activities can be as complicated as involving 70 business relations, but the system can still swiftly comprehend their relationship and identify the key players,” He said.

In recent years, as more Chi-nese companies have embarked on online fi nancial innovation, cases of illegal fi nancial activity have been on the rise.

“Technology can play a big part in fending off fi nancial risks, which is the priority for

local fi nancial regulators,” said Zeng Guang, head of Shenzhen’s Internet fi nance association.

Chinese authorities have taken stricter measures to regulate the fi nancial sector, as the country lists preventing risks as one of the “three tough battles” it aims to win in the next three years.

In a prominent move, regula-tors ordered a ban last Septem-ber on Initial Coin Offerings, calling the activity “unauthor-ized and illegal public fundrais-ing.” Later, they shut down all virtual currency exchanges in the country.

(Xinhua)

AN average monthly salary of 9,309 yuan (US$1,403) was offered to jobseekers in Shenzhen, according to a report on Shenzhen’s job market for the summer season this year released by Zhaopin.com, one of the largest job websites in China, on Wednesday.

The report said that the aver-age salary offered by Shenzhen employers ranked third among all 37 major Chinese cities.

The second quarter of each year is conventionally the off-peak season for job-hopping. The job market in Shenzhen at around this time of the year also

appeared to be stable with the competitiveness index drop.

The competitiveness index for Shenzhen this summer, accord-ing to the report, was 46.7, which indicated that every 46.7 people were competing for one position. The index took the fourth place nationwide.

The report stated that the fi ve most competitive industries in terms of salaries were the real estate, the architecture, build-ing material and engineering sector, computer and software, the fi nancial sector including fund, securities, future goods and investment, the Internet,

e-commerce and IT service industries.

The jobs the most people competed for this summer were the senior manager positions in transportation service, IT quality management, computer software developers and auditors.

The report said that the transportation infrastructure, transportation service and e-commerce industries became more attractive and competitive for jobseekers because these industries are in the fast develop-ment stage and do not require a very high thresholds for employ-ees. (Zhang Qian)

A WOMAN who had changed her name and undergone plastic surgeries so as to elude capture was fi nally arrested by Shenzhen police after 13 years on the run, the Shenzhen Evening News reported Thursday.

The woman surnamed Pan was suspected of embezzlement of public funds. During her abscondence, she repeatedly altered her residences, names and even facial features by cos-metic surgeries.

At the beginning of 2005, Pan suddenly disappeared from her post in the accounting depart-ment of an enterprise. Through investigation, it was found that she had misappropriated a large number of the company’s funds. Pan was wanted for years but she was nowhere to be found.

In early January this year, a special investigation team was set up to hunt down the fugitive and recover the stolen money. By making full use of big data and data comparison, the working group fi nally traced down Pan’s whereabouts in Taishan City, Guangdong Province.

On June 6, Pan was arrested

at a high-end hotel in Taishan. Though denying everything in the beginning of her interroga-tion, Pan acknowledged her true identity and pleaded guilty after the police’s persuasion.

Pan said she had been on ten-terhooks for the past 13 years. She used two different pseud-onyms to make contact with strangers and avoided using ID card to deal with personal affairs. She never rented a house legally and went to a regular hospital to see a doctor.

Meanwhile, she had plastic surgeries on her eyes and nose to change her appearance. She had gone to many cities across the country but stayed for only one or two weeks. And though she missed her family very much, she was too scared to return to Guangdong.

Pan was fi lled with remorse about what she had done. She said if given a second chance, she would not have been blinded by greed or embezzled the money.

Pan is one of the 11 fugitives caught by Shenzhen police over the past three months.

(Zhang Yu)

SOME local football fans recently complained that they had bought fake tickets for the ongoing 2018 FIFA World Cup Russia from Chinese travel agencies, the SZTV reported Thursday.

Over 3,000 fake tickets had been sold to Chinese travel agen-cies, who sold them with package tours to Russia.

A resident surnamed Li was one of the victims. Li signed up for a tour group jointly organized by some travel agencies to watch

the match between Iceland and Argentina in Russia. However, he never received the ticket, which he had purchased from the travel agencies in advance. He missed the match.

Li said it made him angrier after learning that the staffers with the agencies were aware that the tickets they sold were fake but they did not inform him in time. He said he would have bought another ticket to the game through other channels if

he was told the ticket was fake.The other members of Li’s

package-tour group also missed the game between Iceland and Argentina.

One of the agencies, Shenzhen OCT International Travel Service Co. Ltd., said in response that the fabricated tickets were purchased from a company in Russia. They said they tried to resolve the problem but failed to provide the clients with authentic tickets in time. (Cui Chenxin)

Shuttle busesA NEW bus line M558 was recently opened to Xiwan Park in Bao’an District.

Extending from the Jiuwei-cun stop to Xixiang Hengsh-eng Hospital, the bus links the eastern and western sides of National Highway 107. It also connects two Metro stations of Line 1 and one Metro station of Line 11. The bus fare is 2 yuan (US$0.31).

In addition to M558, resi-dents can also take buses M522 and B887 to Xiwan Park. On the same day, fi ve shuttle bus lines — B977, B978, B979, B980 and B981 — were also opened to connect Metro sta-tions in the district.Green logistic areasDIESEL-POWERED light-weight trucks are not allowed to enter 10 green logistics areas,

each of which was designated in respective district and new area across the city.

Only electric logistics vehicles are allowed to enter, according to the rule, which took effect yesterday.

Police will impose fi nes on violators starting July 16 after a grace period.

Violators will be fi ned 300 yuan and have three penalty points added to their driver’s licenses.

According to Zou Bin, a section chief with Shenzhen’s traffi c police bureau, the city had 170,000 diesel-powered light trucks by the end of 2017, accounting for 59 percent of the total trucks. Though the number is only 5.5 percent of the city’s total vehicles, the PM2.5 and NOx emissions make up 19 percent of total emissions in 2017.

Technology detects suspicious financial activities

Suspect busted after 13 years on the run

A motorist is stopped by traffi c police offi cers after being found using his phone while driving near Futian Checkpoint on Wednesday, the fi rst day of a crackdown on using phones while driving. Shenzhen’s traffi c police Wednesday caught 944 drivers using phones while driving. The violators were each fi ned 300 yuan (US$45.17) and had two penalty points added to their licenses. Liu Yujie

Soccer fans swindled with fake tickets

SZ’s average monthly income reaches ¥9,309

No phone while driving