“Beijing unveiled its latest set of capital controls according to which Chinese banks would be required to report all yuan-denominated cash transactions exceeding 50,000 yuan. Cross-border transfers more than 200,000 yuan by individuals would also be subject to the report process. Citizens faced draconian new currency exchange disclosure requirements, requiring foreign currency buyers to indicate how they plan to use the money and when they plan to spend it. Additionally, mainlanders would be restricted from using the FX proceeds to buy overseas property, securities, life insurance or other investment-style insurance products.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Records Obtained Detailing Obama Administration’s Warrantless Collection of Citizens’ Personal Finan...
Father Of Florida Man Connected To Tsarnaev: FBI Killed My Son ‘Execution-Style’
Documents reveal IRS put Occupy groups on ‘watch list’ too
Boston's Progressives: We Support Our "Voluntary" Police State
The UN Declares War on Katanga -- Again
Homeland Security Sec. Janet Napolitano Considering Run For President
Spoiled greens
CIA Dismissed Snowden After Suspecting Him of Internal Hacking
CA “Heroes” Beat Motorist Over Tinted Windows, “Missing” Front Plate
Scientists invent contact lenses that bestow telescopic vision
McCain’s Moderates Join Al-Qaeda
ObamaTrade: Total Surrender to the NWO
Why Did KKR Hire a Four Star General for a High Profile Private Equity Position?
Appeals Court Ruling Throws Wrench in Maritime Drug Prosecutions
US Photo Enforcement Market Becoming Less Profitable