Foreign Exchange Bureau: Severe Crackdown on Illegal Foreign Exchange Activities such as Underground Money Shops, Over 4 Billion Yuan in Fines Imposed in the First Half of the Year.

On July 17, Deputy Director of the State Administration of Foreign Exchange Li Bin stated at a press conference of the State Council Information Office that the State Administration of Foreign Exchange has strengthened supervision of the foreign exchange market and cracked down severely on illegal activities such as underground money changers. In the first half of this year, over 300 related cases have been investigated and fines exceeding 4 billion yuan imposed, effectively maintaining the order of the foreign exchange market operation.