China puts forex markets under microscope as yuan rallies and…

China’s financial regulators have vowed to better supervise foreign exchange markets while taking a “zero-tolerance” approach to illegal transactions, as the yuan’s exchange rate has recently seen an unusual rally against the US dollar.Meanwhile, the world’s second-largest economy intends to implement a fast-track mechanism for Olympics-related demand, particularly for foreign visitors and athletes, according to official online statements.The State Administration of Foreign Exchange (SAFE) has…

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