ChineseEnglish
    SAFE News
    • Index number:
      000014453-2011-01128
    • Dispatch date:
      2011-08-16
    • Publish organization:
      State Administration of Foreign Exchange
    • Exchange Reference number:
    • Name:
      Tough Measures Maintained to Crack Down on Inflows of Hot Money in the First Half of 2011
    Tough Measures Maintained to Crack Down on Inflows of Hot Money in the First Half of 2011

    In the first half of 2011, the foreign exchange authorities maintained tough measures against hot money, investigated 1,865 cases involving violations of foreign exchange laws and regulations, and imposed relevant penalties of more than USD16 billion, an increase of 26.2 percent and 26.9 percent respectively over the same period of the last year.

     

    With respect to the current key channels and typical methods of inflows and settlement of illegal and irregular foreign exchange funds, the foreign exchange authorities have further improved inspection methods, comprehensively promoted the use of an off-site foreign exchange inspection system, implemented multi-dimensional monitoring of the foreign exchange receipts and payments of various market players, and continually improved the accuracy of cracking down on activities in violation of the foreign exchange laws and regulations. In the first half of 2011, the foreign exchange authorities in different localities carried out special inspections of over 80 items, investigated a number of major cases occurring in Guangdong , Shanghai , Jiangsu , Shandong , Guangxi, and Hainan , and imposed relevant penalties. During the inspections, the foreign exchange authorities strictly carried out law-based administration, adhered to implementing legal procedures and imposing appropriate penalties, as well as energetically facilitated the legitimate operations of enterprises. As for the investigations and penalties, the total amount of administrative penalties and confiscations imposed by the foreign exchange authorities in the first half of the year was RMB260 million, exceeding that for all of the last year (RMB243 million).

     

    Among the penalized activities in violation of the regulations on foreign exchange administration of financial institutions, the following activities are relatively common: exceeding the short-term external debt quota, handling foreign exchange settlement and sales in violation of the regulations on foreign exchange administration, handling receipts and payments under the capital account in violation of the regulations on foreign exchange administration, and failing to carry out reasonable examinations and verifications of the authenticity of the receipt and payment instruments under the current account. The former three irregular activities involved a total of USD9.27 billion, accounting for 57.9 percent of the entire amount involved.

     

    Among the penalized activities of enterprises in violation of the regulations on foreign exchange administration, the following are the most common: first, changing without approval the use of foreign exchange or the RMB funds from foreign exchange settlement, second, activities in violation of the regulations on external debt administration, and third, activities such as remitting foreign exchange to China in violation of the regulations on foreign exchange administration or illegal foreign exchange settlement. The above three irregular activities involved a total of USD2.51 billion, accounting for 15.7 percent of the entire amount involved.

     

    Facing the complicated economic situations both at home and abroad, the foreign exchange authorities will continue to rigorously crack down on irregular cross-border capital flows, with special focus on seriously combating the inflows of hot money, further improving inspection methods, and intensifying the investigation and punishment of major cases. Furthermore, the foreign exchange authorities will strengthen coordination and cooperation with the relevant regulatory authorities, give full play to the role of the relevant coordination mechanisms, and create a synergy for dealing with and cracking down on hot money.





    The English translation may only be used as a reference. In case a different interpretation of the translated information contained in this website arises, the original Chinese shall prevail.

    Contact Us | For Home | Join Collection

    State Administration of Foreign Exchange

    主站蜘蛛池模板: 五月婷婷在线观看| 四虎国产永久在线观看| 99久久成人国产精品免费| 成人毛片无码一区二区三区| 久久国产视频网| 欧洲吸奶大片在线看| 亚洲欧美中文日韩二区一区| 男人j进入女人j内部免费网站 | 久久久一本精品99久久精品66| 最近2019中文字幕无吗| 亚洲婷婷第一狠人综合精品| 狠狠97人人婷婷五月| 免费看男女下面日出水视频| 不卡高清av手机在线观看| 日韩免费一级毛片| 亚洲sss视频| 欧美地区一二三区| 亚洲欧美中文字幕高清在线一| 激情另类小说区图片区视频区 | 成年女人黄小视频| 亚洲图片小说区| 深夜影院一级毛片| 伊人久久大香线蕉亚洲| 第一区免费在线观看| 动漫美女人物被黄漫小说| 美女范冰冰hdxxxx| 国产精品亚洲αv天堂2021| 97成人在线视频| 夜夜燥天天燥2022| eeuss影院免费92242部| 好男人看片在线视频观看免费观看| 三级在线看中文字幕完整版 | 光棍天堂在线视频| 神尾舞高清无在码在线| 公和熄三级中字电影久久| 精品国产综合区久久久久久| 卡一卡2卡3卡精品网站| 美女把尿口扒开让男人桶到出水| 四虎国产精品永久在线看| 苏玥马强百文择| 国产ts人妖另类专区|