Forex Compliance Managemant

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Forex Compliance Managemant

In January 2016, SAFE released the report on Chinese banks’ compliance with foreign exchange administrative regulations in 2015. CDB was rated “A” for business compliance, data quality and internal control measures, the third time that we were assigned with the highest rating during the past three years. In particular, CDB branches in Liaoning, Shanghai, Hubei, Hebei, Heilongjiang, Zhejiang, Anhui, Jiangxi, Hainan, Guizhou, Gansu, Ningxia, Qinghai, Xinjiang Uygur Autonomous Region, Dalian, Xiamen and Ningbo were rated “A” on compliance with foreign exchange administrative regulations by the local SAFE offices.