PBOC says financial risks in China are on the rise

Author: Mike Paterson | Category: Central Banks

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