China discusses protecting assets from US sanctions with banks
World+Biz
01 May, 2022, 09:55 am
Last modified: 01 May, 2022, 10:00 am
Chinese regulators held an emergency meeting with domestic and foreign banks to discuss how they could protect China's overseas assets from US-led sanctions similar to those imposed on Russia after its invasion of Ukraine, The Financial Times reported, citing people familiar with the discussion.
The internal conference, held on 22 April, included officials from China's central bank and finance ministry and executives from local and international banks, the report said.
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.