Tag: China FX regulations

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September 20, 2018 BY LeapRate Staff

China's SAFE and PBoC increase crackdown on foreign FX brokers

LeapRate Exclusive... The People's Bank of China, effectively China's central banking authority, has posted a notice on its website providing further warnings that it is planning to take measures to shut down what it terms illegal FX brokerage activity targeting China-based Retail FX traders. The notice, which also officially comes from the Ministry of Public Security…

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May 26, 2016 BY LeapRate Staff

China's SAFE again eases rules for retail foreign exchange transactions

Reuters is reporting that China's foreign exchange regulator SAFE has issued new rules simplifying procedures for individuals exchanging foreign currencies, but keeping net purchase quotas unchanged. In what Reuters is calling a minor reform, the State Administration of Foreign Exchange (SAFE) said that financial outlets designated by banks for such exchanges will no longer need…

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May 26, 2016 BY LeapRate Staff

China's SAFE again eases rules for retail foreign exchange transactions

Reuters is reporting that China's foreign exchange regulator SAFE has issued new rules simplifying procedures for individuals exchanging foreign currencies, but keeping net purchase quotas unchanged. In what Reuters is calling a minor reform, the State Administration of Foreign Exchange (SAFE) said that financial outlets designated by banks for such exchanges will no longer need…

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