Tag: Ministry of Public Security

china yuan
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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