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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