Posted inChina

Highest penalty amount issued by FX regulator this year

China’s foreign currency regulator is maintaining high-pressure control over all foreign exchange violations, issuing millions in stiff penalties to individuals and companies, the Economic Information Daily reported. The State Administration of Foreign Exchange recently released 23 cases of foreign exchange violations, issuing 82.351 million yuan (US$12.082 million) in penalties. It was the fourth time this year […]

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