BEIJING, Oct 27 (Reuters) - China's foreign exchange regulator has issued new rules to tighten controls on import payments to crack down on illegal capital flows.
The new rules, issued by the State Administration of Foreign Exchange on its website (www.safe.gov.cn) on Wednesday, were aimed at "monitoring and effectively curbing the irregular cross-border capital flows." (Reporting by Kevin Yao and Aileen Wang; Editing by Ken Wills)