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China discusses protecting assets from U.S. sanctions with banks -FT

Published 04/30/2022, 08:09 PM
Updated 04/30/2022, 08:10 PM
© Reuters. A general 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 meeting with domestic and foreign banks to discuss how they could protect China's overseas assets from U.S.-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 April 22, included officials from China's central bank and finance ministry and executives from local and international banks, the report said.

Latest comments

The US and the West are isolating themselves thanks to poor leadership. It’s becoming increasingly clear that their citizens are living in a bubble; they represent only a small portion of the world’s population. Very unfortunate.
Who cares what the rest of the world thinks when the west represents a majority of global wealth.
There must be consequences, when you set out to invade a peaceful nation, ******10's of thousands of civilians. Russia and china can turn the blind eye to such atrocities, because their view on human lifes is different
This shows China has something to hide with their collusion with Russia or they are starting a war in Asia?
There’s nothing to hide, everyone knows it. Western leadership is to weak and inept to do anything.
The only way is to completely isolate itself, and in doing so reduce China to the dark ages. That's what war does.
Meanwhile they are getting their oil for a 30% discount…who’s being punished?
Which one is closer to dark ages? US or China?
No more globalization create gold standard get rid off fake money 😤
The arrogance of the US seizing assets is breathtaking. It also violates the rule of law established for centuries, especially taking assets just because one knows Putin or some other association. These stupid people in Washington along with the insane neocons will most definitely start ww3. World peace is accomplished through free trade where everyone bennifits. There is no way in ********the US will beat Russia and China together. Unbearable stupidity.
It's not just the US. It's also many other democratically run governments - which means many intelligent minds go into making the decision.
If other countries want to behave like barbarians, they're welcome to not do business with the US. Nobody forces anyone to do that. Other countries impose their will on trading partners constantly. China included. If you're working against the US by supporting our enemies, why would you expect to be given a pass? If China imposes sanctions against another country, they are welcome to seize assets as well. You can't have your cake and eat it too.
that only means they thought they were the most powerful, who could bully others whenever they wanted.
This means the invasion of Tawiwan is scheduled to begin soon??? This is not good news no matter how you interpret it. Basically means China plans to do despicable things
American laziness, greed and shortsightedness is to blame for the economic collapse to come due to china manufacturing everything we need.
The Federal Reserve is panicking
 hit what back? Being allowed to lie, thieve and cheat the entire civilized world for decades? I'm sure they're all bent out of shape for having that privilege.
J Laurens..China cheat and lie? China government get 95% approval from its citizen surveyed by US media. Do u know how much approval does US government get from its people?
Many westerners are brainwashed by western media that hides the truth of china from western citizen in oder to launch black campaign about china. US wants its people keep believing america is and will remain superior.
worried about regime change here. and they should or this conversation Oz worthless. Biden mentally dead. full puppet
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