-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In-Depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens!
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
Focus
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food and Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
SAFE steps up scrutiny of cross-border flows
    2019-09-18  08:53    Shenzhen Daily

THE country’s foreign exchange regulator recently stepped up scrutiny of cross-border capital flows, blacklisting 43 forex trading firms and singling out two companies suspected of illegal forex activities, Reuters quoted sources as saying yesterday.

The State Administration of Foreign Exchange (SAFE) sent a notice to banks and cross-border payment companies Aug. 22, urging them to strengthen oversight on leveraged forex trading, as well as on transactions related to individual purchases of overseas properties and stocks.

In the notice, the SAFE published a blacklist of 43 entities suspected of conducting illegal forex trading. The regulator identified two companies — Airwallet (Hong Kong) Ltd. and Easy Transfer — as being suspected of conducting illegal forex activities.

The SAFE said in a statement that illegal leveraged forex trading has seriously disturbed financial order. Since 2018, regulators have launched a crackdown on such activities, and has sent blacklists of illegal entities to banks and payment institutions, it said.

The country’s foreign exchange regulator added that it will keep its forex policy consistent, and will continue to meet normal demand for foreign exchange from individuals and companies.

The yuan has depreciated 3 percent against the U.S. dollar so far this year.

In the latest step to woo overseas capital, China last week scrapped the limits on two key inbound investment schemes — QFII and RQFII — even though two-thirds of existing quotas under the programs remained unused.(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn