国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

10 overseas banks punished

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2007-06-28 14:09

A total of 10 overseas banks, including HSBC and Standard Chartered, have been punished by China's foreign exchange regulator for violating rules, the Financial Times reported.

These overseas banks breached strict capital controls by helping to funnel huge amounts of foreign exchange into the country's soaring stock and property markets, according to the State Administration of Foreign Exchange (SAFE), China's forex regulator.

Related readings:
 Bank of China irregularities revealed Bank branches punished for irregularities
 Shanghai Gold Exchange to enroll foreign bank members
 
Foreign banks upbeat on China business: Report

The 10 overseas banks were also involved in assisting speculative foreign capital to enter the country disguised as trade or investment, the regulator says.

The money they helped to channel was having a "serious effect on healthy economic development and government efforts to control growth," Deng Xianhong, SAFE's deputy director, said in a statement.

Standard Chartered acknowledged it had been audited by the SAFE and said it was "making efforts to improve our systems," the FT report says.

Citibank said it had received no notification on this matter, while HSBC confirmed it was inspected by SAFE in March and April this year and that it was in "constructive discussions with SAFE."


(For more biz stories, please visit Industry Updates)



商洛市| 大庆市| 大英县| 巨野县| 华安县| 玉树县| 公安县| 张家川| 登封市| 定边县| 赤壁市| 饶河县| 康乐县| 无锡市| 马尔康县| 庆安县| 毕节市| 三江| 泰顺县| 六枝特区| 宝丰县| 潮州市| 墨玉县| 法库县| 漳平市| 修文县| 华阴市| 锡林浩特市| 淳化县| 米泉市| 黄大仙区| 太仆寺旗| 诸城市| 菏泽市| 通许县| 乐安县| 临澧县| 辉县市| 日照市| 南陵县| 林甸县|