China will increase scrutiny on importers and exporters who channel in money disguised as trade bills, the top foreign exchange regulator said, after the Chinese yuan hit a record high last week.
The State Administration of Foreign Exchange said in a statement it would hand down a risk warning notice 10 days after it finds any company’s goods and capital flows do not match or it is channelling big amounts of money into China.
via Business feed http://www.scmp.com/business/money/market-snapshot/article/1231255/china-tightens-rules-capital-inflows
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