Chinese buying luxury goods overseas could easily spend more than 1,000 yuan in a transaction on their cards – and from September 2 their bank will have to report it. Photo: Reuters

Chinese banks told to report overseas cash withdrawals plus transactions over US$147

Regulator says it needs more detailed information on spending habits of Chinese abroad

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Chinese buying luxury goods overseas could easily spend more than 1,000 yuan in a transaction on their cards – and from September 2 their bank will have to report it. Photo: Reuters
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