China urges banks to reveal Venezuela lending connections

1 min read
Source: Reuters
China urges banks to reveal Venezuela lending connections
Photo: Reuters
TL;DR

China's financial regulator has instructed major banks to disclose their lending exposure to Venezuela and enhance risk monitoring, amid rising geopolitical tensions following the U.S. capture of Venezuela's president. This move underscores concerns over potential shocks to China's banking sector due to extensive loans to Venezuela, primarily by policy banks like China Development.

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