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China steps up scrutiny of illegal foreign exchange flows as market opening accelerates

Summary:
[unable to retrieve full-text content]China is stepping up scrutiny of illegal foreign exchange flows amid concern they could cause destabilising swings in the yuan and domestic financial markets, analysts said.The nation’s currency regulator, the State Administration of Foreign Exchange (SAFE), announced last week it would strengthen supervision and standardising procedures, as well as punish firms and individuals for illegal foreign exchange acts that threatened state or commercial secrets and personal privacy.In addition, lower…

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[unable to retrieve full-text content]
China is stepping up scrutiny of illegal foreign exchange flows amid concern they could cause destabilising swings in the yuan and domestic financial markets, analysts said.The nation’s currency regulator, the State Administration of Foreign Exchange (SAFE), announced last week it would strengthen supervision and standardising procedures, as well as punish firms and individuals for illegal foreign exchange acts that threatened state or commercial secrets and personal privacy.In addition, lower…

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