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Huaxia joins Chinese banks halting forex services amid currency volatility concerns, but move leaves customers anxious

Summary:
[unable to retrieve full-text content]A tier-one state-owned lender that drew Beijing’s ire earlier this year for running afoul of rules and regulations has abruptly announced it will halt its foreign exchange trading business – the latest such curbing of services by major Chinese banks this year.Huaxia Bank attempted to downplay concerns and confusion that arose after it pulled its original announcement posted online on Monday and issued a revised statement on Tuesday.In its first statement, the Beijing-based bank said it would…

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[unable to retrieve full-text content]
A tier-one state-owned lender that drew Beijing’s ire earlier this year for running afoul of rules and regulations has abruptly announced it will halt its foreign exchange trading business – the latest such curbing of services by major Chinese banks this year.Huaxia Bank attempted to downplay concerns and confusion that arose after it pulled its original announcement posted online on Monday and issued a revised statement on Tuesday.In its first statement, the Beijing-based bank said it would…

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