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China’s SAFE: Will step up its crackdown on underground banks this year

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Comments from Zhang Shenghui, head of China SAFE's (the State Administration of Foreign Exchange) inspection division:

    “Will continue to work with the public security bureau and other departments to focus on cracking down on underground banks, to intimidate people who use underground banks, to block channels for underground bank transactions”
    For more information, read our latest forex news.
     

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