Last quote by Luke Zhang
Previously, only forex transfers worth $50 million or more needed to be reported to SAFE. Now, the threshold has been drastically lowered to $5 million, and covers both foreign currency and yuan. All we can do is to ask clients to be patient, and tell them that the transaction is being vetted by SAFE for authenticity and may not be approved.feedback
Luke Zhang has been quoted 2 times in 1 different article. On this page, you will find all of Luke Zhang’s quotes organized by date and topic. Alongside each quote is a link back to the article where the quote was reported, so you can go back to the source for more context if you need it. Topics that Luke Zhang speaks about are authenticity and safe, for example. Most recently, Luke Zhang was quoted in the article China forex regulator tightens controls to stem capital outflows: sources saying, “The new rules will have a very big impact on outbound deals.”.
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Quotes by Luke Zhang
Nov 29 2016
The new rules will have a very big impact on outbound deals.feedback
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