China Arrests 800 In Underground Banking Bust

BEIJING — More than 800 people have been arrested in a crackdown on unlicensed banking operations as Beijing tries to stem outflows of money from the country, the police ministry says. More than 380 underground banks that handled transactions totaling more than 900 billion yuan ($130 billion) were broken up in the crackdown launched last...

Topics:  more   beijing   beijing   underground   banking   billion   crackdown   
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