SAFE: China’s forex watchdog puts bite into currency crackdown
In a sign that SAFE means business, the regulator last week issued fines for 25 breaches of China’s tougher foreign exchange regulations
China’s State Administration of Foreign Exchange (SAFE) issued fines worth RMB33 million ($US5 million) last week in a growing indication the regulator is getting serious about targeting breaches of the country’s new foreign exchange regulations.
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