Text size

Regulatory malaise putting stress on China’s private banking industry amid capital outflows: experts

Chinese authorities are not moving fast enough when it comes to compliance reporting and the tracking of illegal cross border capital flows, industry experts tell Asian Private Banker. While the State Administration of Foreign Exchange (SAFE) has seen some success in recent months, swooping on several underground banking dens – including a US$64 billion Zhejiang-based operation – for illegally moving…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].