China central bank says to pursue crack down on illegal fund transfers
BEIJING (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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