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Meaning of 钱庄

Lookup via: Pinyin | Radicals
qián zhuāng (Trad.: 錢莊)
money farm (dealing in illegal foreign currency of money laundering)
Example Sentences
1
Mr. Gao returned after some gray market creditors allegedly kidnapped his daughter for three days.
2
The government is trying to crack down, but that risks shifting the activity towards underground money exchangers.
3
Ye Tan, an economist based in Shanghai, notes that underground banking isn't unique to Wenzhou.
4
"This is like saying it's safer to save money in the illegal private banks of Wenzhou than to save money in a Swiss bank, " it said.
5
"They know underground lending is very risky because of the high interest rates, but they have no choice, " he says.