China to intensify crackdown on forex irregularities - regulator
BEIJING (Reuters) - China will intensify efforts in 2017 to crack down on foreign exchange irregularities, such as underground banking, the foreign exchange regulator said on Friday.
It will also fend off cross-border capital flow risks, the State Administration of Foreign Exchange (SAFE) said in a notice on its website.
The targets were set during a national work meeting held by the SAFE in Beijing.
(Reporting by Yawen Chen and Kevin Yao; Editing by Robert Birsel)
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First Published: Jan 06 2017 | 5:16 PM IST