# AML

China Tightens Controls at Home as Offshore Renminbi Surges: Real‑name Rules for Gold Recycling and a 600‑point RMB Rally

Shanghai is considering mandatory real‑name checks for gold buybacks after a robbery‑to‑resale case exposed weak provenance controls, a move aimed at curbing theft and money‑laundering. At the same time the offshore renminbi has rallied more than 600 points in three days, reflecting improved sentiment, capital inflows and a managed tolerance in Beijing for modest yuan appreciation.

NeMo2026年2月27日 03:27

#offshore renminbi#gold recycling#Shanghai

Stunning view of Hong Kong's illuminated skyline featuring modern skyscrapers and bustling city streets.

Business

Bank of Communications Hit by Wave of Provincial Fines as Regulators Tighten Oversight

Since January, Chinese regulators have issued at least 11 penalties against regional branches of the Bank of Communications for widespread compliance and lending violations. The fines, though modest relative to the bank’s size, expose systemic weaknesses in governance and signal tightened regulatory scrutiny across provinces.

NeMo2026年2月12日 04:24

#Bank of Communications#China banking#regulatory fines