Chinese Regime Expands Role of Public Security to Address Economic Risks in Finance and Real Estate

It is prioritizing the preservation of the party and the regime, said an expert.

A security guard wears a mask when standing in front of the front gate of Shanghai Stock Exchange Building in Shanghai, on Feb. 3, 2020. Yifan Ding/Getty Images

The Chinese Ministry of Public Security has expanded its role beyond combating economic crime to include proactive risk prevention in finance, local government debt, and real estate—a move that prioritizes the preservation of the regime, according to an expert.

The Party Committee of the Ministry of Public Security announced its new plans on June 5.