China Cracks Down on Illegal Cross Border Securities Trading The People's Bank of China (PBOC) has launched a nationwide crackdown on illegal cross border securities trading.
The campaign targets online platforms and individuals involved in unauthorized foreign exchange transactions, with far reaching implications for financial markets and global trade.
Understanding the Crackdown on Cross Border Securities Trading in China Cross border securities trading in China has grown rapidly since 2010, driven by factors such as rapid economic growth, increased investment opportunities abroad, and lax regulatory oversight.