China central bank says to pursue crack down on illegal fund transfers

Reuters  |  BEIJING 

(Reuters) - central will pursue a crack down on illegal fund transfers via underground banks and offshore companies, it said in a statement posted on its website on Wednesday.

The People's of (PBOC) issued the message in a working meeting last month aimed at strengthening financial sector rules.

(Reporting by Monitoring Desk; Editing by Shri Navaratnam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

China central bank says to pursue crack down on illegal fund transfers

BEIJING (Reuters) - China central bank will pursue a crack down on illegal fund transfers via underground banks and offshore companies, it said in a statement posted on its website on Wednesday.

(Reuters) - central will pursue a crack down on illegal fund transfers via underground banks and offshore companies, it said in a statement posted on its website on Wednesday.

The People's of (PBOC) issued the message in a working meeting last month aimed at strengthening financial sector rules.

(Reporting by Monitoring Desk; Editing by Shri Navaratnam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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