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		</div><p>More than 800 people have been arrested in a crackdown on unlicensed banking operations as authorities try to stem outflows of money from the country, China&#8217;s policy ministry says.</p>
<p>The ministry said more than 380 underground banks that handled transactions totalling more than 900 billion yuan (€123.9bn) were broken up in the crackdown launched last year.</p>
<p>Communist leaders allow informal finance to support entrepreneurs but try to stop activity they say threatens the state-run banking system, supports crime or helps people violate foreign exchange controls or other regulations.</p>
<p>Expectations the currency would decline in value prompted companies and small investors to move money out of China starting in late 2015.</p>
<p>That prompted Beijing to tighten foreign exchange controls.</p>
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