The amounts handled by black market are harmless, that is not going to be enforced (unless it is necessary to make example of someone). What the regulation doe

The amounts handled by black market are harmless, that is not going to be enforced (unless it is necessary to make example of someone). What the regulation does, is to protect against attack on the currency on the open market, like 1997 SE Asia one. Obviously Chinese are currently holding an opinion, that this protection is currently worth more than uncontrolled investment.