China forex regulator warns against illegal money outflows
Friday, September 30, 2022
© Reuters. FILE PHOTO: Chinese Yuan bank notes are seen in a vendor's hand at a market in Beijing April 10, 2013. REUTERS/Kim Kyung-Hoon BEIJING (Reuters) - China's foreign exchange regulator named and shamed 10 banks that had assisted illegal capital outflows, vowing to crack down on fake forex transactions in authorities' latest effort to stabilise the sliding yuan.
The State Administration of Foreign Exchange (SAFE) listed 10 "typical" cases of misdeeds in a statement on its website on Thursday, involving money flowing overseas illegally through bank businesses such as offshore loans, trade finance, and outbound investment.
The misconduct involved local branches of 10 lenders that included some of the country's top banks, between 2017 and 2020, the regulator said.
SAFE said it will "strengthen the supervision of the forex market and crack down on illegal and unlawful behaviours with a focus on false and deceptive forex transactions."
Publishing the 10 cases is aimed at sending a warning to market players, the official Shanghai Securities News said on Friday, citing an unnamed SAFE official.
China's central bank said on Wednesday that stabilising the foreign exchange market is the top priority, and warned against one-way currency bets. The yuan has tumbled against a surging dollar over the past month.
The People's Bank of China has also asked major state-owned banks to be prepared to sell dollars in offshore markets, sources told Reuters.
SAFE will strengthen oversight of cross-border trade and investment against illegal forex transactions to safeguard national economic and financial security, the Shanghai Securities News reported on Friday.
Regulators will also closely monitor cross-border money flows, and step up the fight against fraudulent trade, the newspaper said.
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01-05-2024 10:45:17 (UTC+7)
EUR/USD
1.0658
-0.0008 (-0.07%)
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EUR/USD
1.0658
-0.0008 (-0.07%)
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GBP/USD
1.2475
-0.0015 (-0.12%)
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USD/JPY
157.91
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AUD/USD
0.6469
-0.0003 (-0.05%)
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USD/CAD
1.3780
+0.0003 (+0.03%)
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EUR/JPY
168.32
+0.10 (+0.06%)
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EUR/CHF
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Gold Futures
2,295.80
-7.10 (-0.31%)
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Silver Futures
26.677
+0.023 (+0.09%)
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Copper Futures
4.5305
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Crude Oil WTI Futures
81.14
-0.79 (-0.96%)
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Brent Oil Futures
85.62
-0.71 (-0.82%)
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Natural Gas Futures
1.946
-0.009 (-0.46%)
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US Coffee C Futures
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-13.77 (-6.05%)
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Euro Stoxx 50
4,920.55
-60.54 (-1.22%)
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S&P 500
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-80.48 (-1.57%)
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DAX
17,921.95
-196.37 (-1.08%)
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FTSE 100
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-2.90 (-0.04%)
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Hang Seng
17,763.03
+16.12 (+0.09%)
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US Small Cap 2000
1,973.05
-42.98 (-2.13%)
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IBEX 35
10,854.40
-246.40 (-2.22%)
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BASF SE NA O.N.
49.155
+0.100 (+0.20%)
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Bayer AG NA
27.35
-0.24 (-0.87%)
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Sell (8)
Allianz SE VNA O.N.
266.60
+0.30 (+0.11%)
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↑ SellMoving Avg:
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Indicators:
Buy (3)
Sell (5)
Adidas AG
226.40
-5.90 (-2.54%)
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↑ SellMoving Avg:
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Sell (12)
Indicators:
Buy (2)
Sell (7)
Deutsche Lufthansa AG
6.714
-0.028 (-0.42%)
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NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (9)
Sell (1)
Siemens AG Class N
175.90
-1.74 (-0.98%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
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Deutsche Bank AG
15.010
-0.094 (-0.62%)
Summary
NeutralMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (6)
Sell (2)
| EUR/USD | 1.0658 | ↑ Sell | |||
| GBP/USD | 1.2475 | ↑ Sell | |||
| USD/JPY | 157.91 | ↑ Buy | |||
| AUD/USD | 0.6469 | Neutral | |||
| USD/CAD | 1.3780 | ↑ Buy | |||
| EUR/JPY | 168.32 | ↑ Buy | |||
| EUR/CHF | 0.9808 | Neutral |
| Gold | 2,295.80 | ↑ Sell | |||
| Silver | 26.677 | ↑ Sell | |||
| Copper | 4.5305 | ↑ Buy | |||
| Crude Oil WTI | 81.14 | ↑ Sell | |||
| Brent Oil | 85.62 | ↑ Sell | |||
| Natural Gas | 1.946 | ↑ Sell | |||
| US Coffee C | 213.73 | ↑ Sell |
| Euro Stoxx 50 | 4,920.55 | ↑ Sell | |||
| S&P 500 | 5,035.69 | ↑ Sell | |||
| DAX | 17,921.95 | ↑ Sell | |||
| FTSE 100 | 8,144.13 | Sell | |||
| Hang Seng | 17,763.03 | ↑ Sell | |||
| Small Cap 2000 | 1,973.05 | ↑ Sell | |||
| IBEX 35 | 10,854.40 | Neutral |
| BASF | 49.155 | ↑ Sell | |||
| Bayer | 27.35 | ↑ Sell | |||
| Allianz | 266.60 | ↑ Sell | |||
| Adidas | 226.40 | ↑ Sell | |||
| Lufthansa | 6.714 | Neutral | |||
| Siemens AG | 175.90 | ↑ Sell | |||
| Deutsche Bank AG | 15.010 | Neutral |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 8,300/ 8,500 (8,300/ 8,500) # 1,298 |
| SJC 1L, 10L, 1KG | 8,300/ 8,520 (0/ 0) # 1,510 |
| SJC 1c, 2c, 5c | 7,380/ 7,550 (0/ 0) # 540 |
| SJC 0,5c | 7,380/ 7,560 (0/ 0) # 550 |
| SJC 99,99% | 7,370/ 7,470 (0/ 0) # 460 |
| SJC 99% | 7,196/ 7,396 (0/ 0) # 386 |
| Cập nhật 01-05-2024 10:45:19 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $2,285.72 | -47.5 | -2.04% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 25.440 | 25.940 |
| RON 95-III | 24.910 | 25.400 |
| E5 RON 92-II | 23.910 | 24.380 |
| DO 0.05S | 20.710 | 21.120 |
| DO 0,001S-V | 21.320 | 21.740 |
| Dầu hỏa 2-K | 20.680 | 21.090 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $80.83 | +3.39 | 0.04% |
| Brent | $85.50 | +3.86 | 0.05% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 25.088,00 | 25.458,00 |
| EUR | 26.475,36 | 27.949,19 |
| GBP | 30.873,52 | 32.211,36 |
| JPY | 156,74 | 166,02 |
| KRW | 15,92 | 19,31 |
| Cập nhật lúc 10:45:15 01/05/2024 Xem bảng tỷ giá hối đoái | ||
