trending Market Intelligence /marketintelligence/en/news-insights/trending/ywqq2wxo27h2tqb7mfwta2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

China tightens rules for domestic, overseas cash transactions

Mining Exploration Insights: Financing Falls To 8-Month Low In October

Taking Advantage of Issuance Trends in 2020

S&P Global Market Intelligence

Tower Values Rising On Run Up To 5G

Liberty Global: The Great Global Sell-Off


China tightens rules for domestic, overseas cash transactions

The People's Bank of China has reduced the size of transactions to be reported to regulators to 50,000 yuan from 200,000 yuan as part of its efforts to curb large and suspicious transactions, Reuters reported Dec. 30, citing a statement published on the central bank's website.

The central bank directed banks and other financial institutions to report all domestic and overseas transactions larger than 50,000 yuan to regulators. Banks are also required to report every overseas transfer by individuals worth at least US$10,000.

The new rules will take effect from July 2017.

As of Dec. 29, US$1 was equivalent to 6.95 Chinese yuan.