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China central bank says to pursue crack down on illegal fund transfers
April 5, 2017 / 8:33 AM / 6 months ago

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

A man walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing November 20, 2013. REUTERS/Jason Lee/File Photo

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.

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

Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam

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