China FX regulator fines JD.com’s Chinabank Funds for unlawful FX switch

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China FX regulator fines JD.com’s Chinabank Funds for unlawful FX switch

SHANGHAI, Nov 26 (Reuters) - The Beijing workplace of China's international change regulator issued


SHANGHAI, Nov 26 (Reuters)The Beijing workplace of China’s international change regulator issued a 29.43 million yuan wonderful on Chinabank Funds, a unit totally owned by the e-commerce firm JD.com JD.O, for illegally transferring foreign exchange from onshore to abroad.

The State Administration of International Change (SAFE) mentioned in an announcement revealed on its web site, with out giving additional particulars.

JD.com didn’t instantly reply to Reuters’ requests for remark.

(Reporting by Winni Zhou, Andrew Galbraith and Brenda Goh, enhancing by Louise Heavens)

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