China c.bank says to pursue crack down on illegal fund transfers
BEIJING, April 5 China central bank will pursue a crack down on illegal fund transfers via underground banks and offshore companies, it said in a statement posted on its website on Wednesday.
The People's Bank of China (PBOC) issued the message in a working meeting last month aimed at strengthening financial sector rules. (Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)