China discusses holding resources from U.S. sanctions with banks -FT

China discusses conserving property from U.S. sanctions with banks -FT

© Reuters. A total take a look at out of Two Worldwide Finance Centre (IFC), HSBC headquarters and Bank of China in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu

(Reuters) – Chinese language regulators held an emergency meeting with home and international banks to keep up a correspondence about how they would perchance give protection to China’s in a international nation property from U.S.-led sanctions comparable to those imposed on Russia after its invasion of Ukraine, The Monetary Times reported, citing folks familiar with the dialogue.

The internal conference, held on April 22, included officials from China’s central monetary institution and finance ministry and executives from native and world banks, the file acknowledged.

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