CHINA CSRC, 7 OTHER DEPTS: REGULATORS TO SUMMON DOMESTIC BANKS PROVIDING ACCOUNT SERVICES FOR ILLEGAL CROSS-BORDER INVESTMENTS, SUPERVISE STRICT COMPLIANCE CHECKS ON FOREX OUTFLOWS, AND CRACK DOWN ON ILLEGAL CHANNELS SUCH AS UNDERGROUND BANKS

2026-05-22

CHINA CSRC, 7 OTHER DEPTS: REGULATORS TO SUMMON DOMESTIC BANKS PROVIDING ACCOUNT SERVICES FOR ILLEGAL CROSS-BORDER INVESTMENTS, SUPERVISE STRICT COMPLIANCE CHECKS ON FOREX OUTFLOWS, AND CRACK DOWN ON ILLEGAL CHANNELS SUCH AS UNDERGROUND BANKS