PBOC says financial risks in China are on the rise
Chinese central bank out with a few comments 11 Sept
- anti-money laundering efforts facing challenges
- will strictly fend off money laundering and terrorism financing risks
Comments come on top of the recent crackdown on Bitcoin/others.
Elsewhere this morning we reported the PBOC eliminating reserve requirements for FX which may or may not be related.
Yuan selling today produced worst one-day decline since Jan
PBOC says China faces increasing financial risks