STOCKS | China Cracks Down on Illegal Foreign Exchange Activities, Fines Exceed 400 Million Yuan
2026-07-17 02:57:57
China's State Administration of Foreign Exchange said it has stepped up supervision of the foreign exchange market and is cracking down on illegal foreign exchange activities, including underground banks. According to Jin10, Vice Minister Li Bin said at a State Council Information Office press briefing that more than 300 related cases were handled in the first half of this year, with fines and confiscations totaling more than 400 million yuan, helping maintain order in the foreign exchange market.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Robinhood Chain 24小时上线42709个新代币Next article：
中国外汇局：上半年罚没超4亿元
