Reuters

BEIJING (Reuters) - China will intensify efforts in 2017 to crack down on foreign exchange irregularities, such as underground banking, the foreign exchange regulator said on Friday.

 

It will also fend off cross-border capital flow risks, the State Administration of Foreign Exchange (SAFE) said in a notice on its website.

 

The targets were set during a national work meeting held by the SAFE in Beijing.

 

(Reporting by Yawen Chen and Kevin Yao; Editing by Robert Birsel)