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SAFE to start annual checks on banks' foreign exchange controls

China is to launch annual checks on banks' foreign exchange management to further strengthen the country's control over foreign currency, the State Administration of Foreign Exchange (SAFE) said. The country's top foreign exchange regulator will... ...full story at People's Daily

from People's Daily on Fri, Aug 29 2008

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30 Aug 08 visit SAFE to check banks' forex business  »  People's Daily China will start regular annual checks of banks' foreign exchange operations to make sure they observe relevant rules, the foreign exchange regulator said on Friday. The move is a concrete step towards implementing the country's newly approved...
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