December 30, 2015 BY Maria Nikolova
China's c-bank puts on hold Forex operations of some foreign banks
The People's Bank of China (PBOC) has issued suspension notices to at least three foreign banks regarding their Forex businesses, in a move underlining the stringent controls of the financial sector in China. According to a Reuters report, citing anonymous sources with knowledge of the matter, China's central bank has suspended the banks from conducting…
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