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

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

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

The interior 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 stated.

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