China bans new offshore brokerage accounts to prevent 'bypassing' of forex controls

Retrieved on: 2023-10-12 16:44:02

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China bans new offshore brokerage accounts to prevent 'bypassing' of forex controls. View article details on HISWAI: https://www.reuters.com/world/china/china-bars-brokerages-accepting-new-mainland-clients-offshore-trading-say-2023-10-12/

Excerpt

The CSRC last December said the two brokerages had operated cross-border securities businesses involving domestic investors without regulatory consent ...

Article found on: www.reuters.com

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