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China c.bank says to pursue crack down on illegal fund transfers
April 5, 2017 / 7:26 AM / 5 months ago

China c.bank says to pursue crack down on illegal fund transfers

BEIJING, April 5 (Reuters) - China central bank will pursue a crack down on illegal fund transfers via underground banks and offshore companies, it said in a statement posted on its website on Wednesday.

The People’s Bank of China (PBOC) issued the message in a working meeting last month aimed at strengthening financial sector rules. (Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)

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