China News Service, October 29. According to the website of the State Administration of Foreign Exchange, the State Administration of Foreign Exchange notified 10 cases of foreign exchange violations on the 29th and notified the following:
Case 1: Anshan Dingtai Earth and Stone Engineering Co., Ltd. Illegal Trading of Foreign Exchange
In December 2019, Anshan Dingtai Earthwork Engineering Co., Ltd. illegally bought and sold 3 foreign exchange transactions through underground banks, with a total amount of US$812,000.
This behavior violated Article 32 of the "Regulations on the Administration of Foreign Exchange Settlement, Sale and Payment of Foreign Exchange," and constituted an illegal foreign exchange purchase and sale.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 675,000 was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.
Case 2: Nanjing Jinao Real Estate Co., Ltd. illegally bought and sold foreign exchange
From May to June 2020, Nanjing Jinao Real Estate Co., Ltd. illegally bought and sold 3 foreign exchange transactions through underground banks, with a total amount of 635,000 US dollars.
This behavior violated Article 32 of the "Regulations on the Administration of Foreign Exchange Settlement, Sale and Payment of Foreign Exchange," and constituted an illegal foreign exchange purchase and sale.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 450,000 was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.
Case 3: The case of Yang from Guangdong who illegally bought and sold foreign exchange
From May 2017 to November 2019, Yang used the underground bank to illegally buy and sell 47 foreign exchange transactions with a total amount of US$1.985 million.
This behavior violated Article 30 of the "Measures for the Administration of Personal Foreign Exchange," and constituted an illegal sale and purchase of foreign exchange.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 1.558 million was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.
Case 4: The illegal sale of foreign exchange by Gao from Guangdong
From October 2017 to November 2018, Gao used the underground bank to illegally buy and sell 37 foreign exchange transactions with a total amount of US$1.416 million.
This behavior violated Article 30 of the "Measures for the Administration of Personal Foreign Exchange," and constituted an illegal sale and purchase of foreign exchange.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 1.302 million was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.
Case 5: Illegal purchase and sale of foreign exchange by a Shanghai native
From August 2018 to March 2020, Mei Mou illegally bought and sold 24 foreign exchange transactions through underground banks, with a total amount of 4.459 million US dollars.
This behavior violated Article 30 of the "Measures for the Administration of Personal Foreign Exchange," and constituted an illegal sale and purchase of foreign exchange.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 3.745 million was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.
Case 6: The case of an overseas individual Zeng Mou illegally buying and selling foreign exchange
From November 2018 to January 2020, Zeng Mou illegally bought and sold 32 foreign exchange transactions through underground banks, with a total amount of 7.472 million US dollars.
This behavior violated Article 32 of the "Regulations on the Administration of Foreign Exchange Settlement, Sale and Payment of Foreign Exchange," and constituted an illegal sale and purchase of foreign exchange.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 5.384 million was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.
Case 7: Illegal foreign exchange trading by Lin from Zhejiang
In January 2019, Lin used an underground bank to illegally buy and sell 21 foreign exchange transactions with a total amount of 5.409 million US dollars.
This behavior violated Article 30 of the "Measures for the Administration of Personal Foreign Exchange," and constituted an illegal sale and purchase of foreign exchange.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 4.55 million was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.
Case 8: Illegal foreign exchange trading by Fujianese Shi
From February to March 2019, Shi Mou illegally bought and sold 5 foreign exchange transactions through underground banks, with a total amount of 1.765 million US dollars.
This behavior violated Article 30 of the "Measures for the Administration of Personal Foreign Exchange," and constituted an illegal sale and purchase of foreign exchange.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 1.658 million was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.
Case 9: Illegal purchase and sale of foreign exchange by Mr. Deng from Beijing
From May 2020 to November 2020, Mr. Deng illegally bought and sold 7 foreign exchange transactions through underground banks, with a total amount of 2.81 million US dollars.
This behavior violated Article 30 of the "Measures for the Administration of Personal Foreign Exchange," and constituted an illegal sale and purchase of foreign exchange.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 1.9 million was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.
Case 10: Illegal purchase and sale of foreign exchange by Mr. Jiang from Shanghai
From November 2020 to January 2021, Jiang Mou illegally bought and sold 3 foreign exchange transactions through underground banks, with a total amount of 4.282 million US dollars.
This behavior violated Article 30 of the "Measures for the Administration of Personal Foreign Exchange," and constituted an illegal sale and purchase of foreign exchange.
In accordance with Article 45 of the Regulations on Foreign Exchange Administration, a fine of RMB 2.8 million was imposed.
Punishment information is incorporated into the credit investigation system of the People's Bank of China.