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Chinese Forex brokers face a hard time due to Trump’s Trade War

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Chinese Forex brokers face a hard time due to Trump’s Trade War

Image – cnn.com

The pressure on the Chinese companies has increased once again. Over the former years, there has been a recurring approach on the local authorities when it requires being watchful over the operations of brokers in the country

Over the past months, various local firms in associations with the brokers have been facing pressures from the SAFE State Administration of Foreign Exchange as well as the People’s Bank of China PBoC

These government based entities are predominantly in charge of the capital control rules in China due to their noteworthy powers. Strict attention over capital flows denotes more tough time for foreign companies

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