China News Service, July 2 According to the State Administration of Foreign Exchange website, the State Administration of Foreign Exchange strengthened supervision of the foreign exchange market, cracked down on illegal foreign exchange transactions through underground banks, and maintained a healthy and healthy order in the foreign exchange market. According to relevant regulations, some typical cases of violations are notified:

Case 1: Shenzhen Bochi Supply Chain Management Co., Ltd. illegally buying and selling foreign exchange

  In June 2018, Shenzhen Boxchi Supply Chain Management Co., Ltd. illegally traded three foreign exchange transactions through underground banks, with a total amount of US$ 3.014 million.

  This behavior violated Article 45 of the "Foreign Exchange Control Regulations" and constituted illegal buying and selling of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of 2.487 million yuan was imposed. Penalty information is included in the People's Bank of China credit reporting system.

Case 2: Beijing Jinshengtai Investment Consulting Co., Ltd. illegally buying and selling foreign exchange

  From November 2018 to February 2019, Beijing Jinshengtai Investment Consulting Co., Ltd. illegally traded 2 foreign exchanges through underground banks, with a total amount of 1.016 million USD.

  This behavior violated Article 45 of the "Foreign Exchange Control Regulations" and constituted illegal buying and selling of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of RMB 482,000 was imposed. Penalty information is included in the People's Bank of China credit reporting system.

Case 3: Beijing-based Zhao illegally buying and selling foreign exchange

  From January to March 2017, Zhao illegally bought and sold 34 foreign exchanges through underground banks, with a total amount of USD 22.115 million.

  This behavior violates Article 30 of the "Personal Foreign Exchange Control Measures" and constitutes an illegal purchase and sale of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of 13.72 million yuan was imposed. Penalty information is incorporated into the People's Bank of China credit reporting system.

Case 4: Hainan citizen Zhang Mou illegally buying and selling foreign exchange

  In February 2017, Zhangmou illegally bought and sold 6 foreign exchange transactions through an underground bank, with a total amount of $4.336 million.

  This behavior violates Article 30 of the "Personal Foreign Exchange Control Measures" and constitutes an illegal purchase and sale of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of 2.69 million yuan was imposed. Penalty information is included in the People's Bank of China credit reporting system.

Case 5: Guangdong-based Gao Mou illegally buying and selling foreign exchange

  In March 2017, Gao Mou illegally bought and sold two foreign exchange transactions through underground banks, with a total amount of 766,000 US dollars.

  This behavior violates Article 30 of the "Personal Foreign Exchange Control Measures" and constitutes illegal buying and selling of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of RMB 480,000 is imposed. Penalty information is incorporated into the People's Bank of China credit reporting system.

Case 6: Guangdong Deng's illegal sale of foreign exchange

  In March 2017, Deng illegally bought and sold 7 foreign exchange transactions through underground banks, with a total amount of 1.74 million US dollars.

  This behavior violates Article 30 of the "Personal Foreign Exchange Control Measures" and constitutes an illegal purchase and sale of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of RMB 1.08 million was imposed. Penalty information is incorporated into the People's Bank of China credit reporting system.

Case 7: A case of illegal trading of foreign exchange by a Zheng from Fujian

  From August to December 2017, Zhengmou illegally bought and sold 7 foreign exchange transactions through underground banks, with a total amount of 1.5 million US dollars.

  This behavior violates Article 30 of the "Personal Foreign Exchange Control Measures" and constitutes illegal buying and selling of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of RMB 800,000 is imposed. Penalty information is included in the People's Bank of China credit reporting system.

Case 8: Sichuan-based Wang's illegal sale of foreign exchange

  From June 2018 to October 2019, Wang Mou illegally bought and sold 23 foreign exchange transactions through underground banks, with a total amount of US$1.412 million.

  This behavior violates Article 30 of the "Personal Foreign Exchange Control Measures" and constitutes illegal buying and selling of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of 1.674 million yuan was imposed. Penalty information is included in the People's Bank of China credit reporting system.

Case 9: Shandong-based Wang illegally traded foreign exchange

  From April to September 2019, Wang Mou illegally bought and sold 20 foreign exchange transactions through underground banks, with a total amount of 410,000 US dollars.

  This behavior violates Article 30 of the "Personal Foreign Exchange Control Measures" and constitutes an illegal purchase and sale of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of RMB 486,000 was imposed. Penalty information is included in the People's Bank of China credit reporting system.

Case 10: Hubei citizen Zhou illegally buying and selling foreign exchange

  From June to November 2019, Zhoumou illegally traded 15 foreign exchange transactions through underground banks, with a total amount of US$542,000.

  This behavior violates Article 30 of the "Personal Foreign Exchange Control Measures" and constitutes an illegal purchase and sale of foreign exchange. According to Article 45 of the "Foreign Exchange Control Regulations", a fine of RMB 647,000 was imposed. Penalty information is included in the People's Bank of China credit reporting system.