China discusses defending property from U.S. sanctions with banks -FT By Reuters

© Reuters. A common view of Two International Finance Centre (IFC), HSBC headquarters and Bank of China in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu

(Reuters) – Chinese regulators held an emergency assembly with home and international banks to debate how they might shield China’s abroad property from U.S.-led sanctions much like these imposed on Russia after its invasion of Ukraine, The Financial Times reported, citing folks acquainted with the dialogue.

The inside convention, held on April 22, included officers from China’s central financial institution and finance ministry and executives from native and worldwide banks, the report mentioned.

Source hyperlink

Leave a Reply

Your email address will not be published.