Account holders can withdraw a maximum of 100,000 yuan (US$15,000) a year in total overseas from their Chinese bank accounts. Photo: AP Account holders can withdraw a maximum of 100,000 yuan (US$15,000) a year in total overseas from their Chinese bank accounts. Photo: AP
Account holders can withdraw a maximum of 100,000 yuan (US$15,000) a year in total overseas from their Chinese bank accounts. Photo: AP
China economy
China

China’s forex new year resolution: hit illegal currency outflows hard in 2018

Foreign exchange regulator promises to tackle underground banks in the interest of national security

Topic |   China economy
Yujing Liu
Yujing Liu

Updated: 6:00am, 6 Feb, 2018

Why you can trust SCMP
Account holders can withdraw a maximum of 100,000 yuan (US$15,000) a year in total overseas from their Chinese bank accounts. Photo: AP Account holders can withdraw a maximum of 100,000 yuan (US$15,000) a year in total overseas from their Chinese bank accounts. Photo: AP
Account holders can withdraw a maximum of 100,000 yuan (US$15,000) a year in total overseas from their Chinese bank accounts. Photo: AP
READ FULL ARTICLE