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KM Financial Solutions | UPDATE 1-China to cap overseas withdrawals using domestic bank cards
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UPDATE 1-China to cap overseas withdrawals using domestic bank cards

29 Dec UPDATE 1-China to cap overseas withdrawals using domestic bank cards

Posted at 10:59h in News by
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BEIJING, Dec 30 (Reuters) – China’s foreign exchange
regulator will cap overseas withdrawals using domestic Chinese
bank cards at 100,000 yuan ($15,370) per year in an effort to
target money laundering, terrorist financing and tax evasion, it
said on Saturday.

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