June 4, 2018 / 8:05 AM / 20 days ago

China will strengthen crack down on financial market irregularities: central bank

BEIJING (Reuters) - China will step up efforts to crack down on irregularities on internet finance, underground banks and foreign exchange trading platforms, the central bank said on Monday.

The People’s Bank of China (PBOC) made the comments in an online statement after a meeting with the Ministry of Public Security where the two regulators agreed to strengthen cooperation to safeguard financial market order.

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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