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

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© Reuters. A normal 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 shield China’s abroad property from U.S.-led sanctions just like these imposed on Russia after its invasion of Ukraine, The Monetary Instances reported, citing individuals conversant in the dialogue.

The inner 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.

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