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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.
China's Safe metes out more punishment in currency crackdown

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.

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