The State Administration of Foreign Exchange (SAFE) is putting the burden on China’s banks when it comes to verifying offshore asset purchases. Photo: Reuters
Shirley Yam
Opinion

Opinion

Money Matters by Shirley Yam

Banks assume the ‘burden of proof’ in China’s crackdown on capital flight

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The State Administration of Foreign Exchange (SAFE) is putting the burden on China’s banks when it comes to verifying offshore asset purchases. Photo: Reuters
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