cryptohunter
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China's rules for offshore bank accounts are mainly handled by the People's Bank of China, the central bank. They keep a close eye on money moving in and out of the country to keep the financial system stable and avoid risks.
The State Administration of Foreign Exchange, part of the PBOC, is key to making sure the rules for offshore banking are followed. They control things like approving and watching over offshore loans, investments, and bringing back profits.
China also has programs, like Qualified Domestic Institutional Investor, letting local investors put money into foreign markets up to a certain limit. These programs need approval and give Chinese investors more options for where to put their money.
The State Administration of Foreign Exchange, part of the PBOC, is key to making sure the rules for offshore banking are followed. They control things like approving and watching over offshore loans, investments, and bringing back profits.
China also has programs, like Qualified Domestic Institutional Investor, letting local investors put money into foreign markets up to a certain limit. These programs need approval and give Chinese investors more options for where to put their money.
