December 14, 2016 BY Valentina Kirilova
China FX regulator and Ministry of Public Security to keep cracking down on underground banks
China's foreign exchange regulator shared it will continue a campaign to crack down on the operations of underground banks that help people move money offshore, as Beijing steps up efforts to curb capital outflows. Following a meeting with the Ministry of Public Security, the State Administration of Foreign Exchange (SAFE) commented it will continue working…
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