皇冠体育app

Banking

皇冠体育app to regulate individual forex settlement through e-banking

(Xinhua)
Updated: 2011-03-16 10:46
Large Medium Small

BEIJING - 皇冠体育app will implement interim provisions to regulate individual forex settlement via e-banking since April 1 this year, said a statement Tuesday.

Related readings:
皇冠体育app to regulate individual forex settlement through e-banking Foreign exchange ceiling for individuals may be raised
皇冠体育app to regulate individual forex settlement through e-banking 皇冠体育app should diversify forex reserves
皇冠体育app to regulate individual forex settlement through e-banking 
皇冠体育app to regulate individual forex settlement through e-banking SAFE to further reform 皇冠体育app's capital account forex management

Individuals from home and abroad could sell or purchase forex via e-banks, self-service terminals, telephone banking and mobile banking under certain banks authorized by SAFE, said the statement posted on State Administration of Foreign Exchange (SAFE) website.

SAFE has approved Bank of 皇冠体育app, 皇冠体育app Merchants Bank, and Industrial and Commercial Bank of 皇冠体育app to open individual forex purchase businesses since the beginning of 2010.

The statement said forex purchasers should guarantee the authenticity, integrity and accuracy of their input information. SAFE will track and monitor the transactions to crack down on illicit operations, it said.