China Daily Website - Connecting China Connecting the World
USEUROPE AFRICAASIA 中文Français

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
Business\Markets

China acts on forex-related violations

Xinhua | Updated: 2017-05-04 09:37

BEIJING - China's foreign exchange regulator dealt with 1,996 cases involving forex-related violations last year, according to a report made public Wednesday.

The State Administration of Foreign Exchange said in the annual report that it fined and confiscated a total of 431 million yuan ($65 million).

The regulator stepped up inspections on financial institutions last year to ensure their forex businesses complies with laws and regulations, the report said.

The administration also made checks on illegal flow of funds, and worked with other departments on more than 80 underground bank cases involving a total value of 1 trillion yuan.

This year, the regulator will step up authenticity checks of banks' forex businesses, reinforce cooperation with other departments and promote the creation of a credit system related to forex, according to the report.

Today's Top News

Editor's picks

Most Viewed

China Daily Website - Connecting China Connecting the World
USEUROPE AFRICAASIA 中文Français

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US