China FX regulator steps up scrutiny of cross-border flows, blacklists some firms-sources
(WorldNews Business)

SHANGHAI — China’s foreign exchange regulator recently stepped up scrutiny of cross-border capital flows, blacklisting 43 forex trading firms and singling out two companies suspected of illegal forex activities, according to two sources. The move comes amid growing pressure on the yuan as China’s economic slowdown deepens amid an escalating trade war with the United States. There have also...