Capital Controls Begin; How Long Before Chinese Run To Gold?

Caixin: 公安部:集中统一行动 严厉打击地下钱庄 (Ministry of Public Security: centralized and unified action to crack down on underground banks)
Ministry of Public Security official website on August 24 news, in April this year, the Ministry of Public Security in conjunction with the People's Bank of China, the State Administration of Foreign Exchange and other departments organized and carried out to combat the use of offshore companies and transfer of stolen money underground banking special action, Guangdong, Shanghai Liaoning, Zhejiang, Xinjiang public security organs tackling struggling continuously cracked a number of major cases. Up to now, the public security authorities destroyed 66 underground banks dens and arrested more than 160 suspects, involving up to 430 billion yuan, a harsh blow to the criminal underground banks.

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