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)