China's Safe metes out more punishment in currency crackdown
Regulator issues fines for 20 breaches of currency regulation in a growing sign enforcement is broadening and fines becoming heavier.
Five corporations, six banks, two asset management firms and seven individuals have received fines totaling around Rmb60 million（$9.1million）as China's currency watchdog the State Administration of Foreign Exchange (Safe) broadens its crackdown on illegal capital outflows.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
