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China to Punish Destabilizing Foreign Capital: Journal

CHINA PRESS
MNI (Sydney)

China will keep large movements in foreign capital from destabilizing its internal financial markets and suspend trading activities by foreign-held accounts if deemed necessary, the China Securities Journal reported citing Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission. China forbids illicit forex transactions and other violations, the newspaper said citing Xuan Changneng, Deputy Director of State Administration of Foreign Exchange.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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