arbitrage account
1.Article 47 In case that domestic entities open foreign exchange accounts in China or abroad without authorization, rent, transfer of arbitrage foreign exchange accounts in violation or the regulations governing foreign exchange account or use the foreign exchange beyond the designated purpose without authorization, the exchange administration agencies shall order these entities to redress the case, close the foreign exchange accounts, issue a public reprimand and impose a penalty fine in range of 50, 000 to 3000, 000 Yuan.
