China plans crackdown on capital flight

CHINA - China plans a concerted effort to stop its officials spiriting state funds abroad through an expanding repertoire of illegal activity, officials have said.

Zhu Rongji, the premier, was furious after learning of the growing levels of capital flight from China via illegal transfers, money laundering and underground banks, the sources added.

Like other corruption cases in China, most of the criminals behind various forms of capital flight have turned out to be government officials or senior

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.