Asia Global Institute

China’s Small Banks Set for Spotlight Over Russia Support

Tuesday, March 1, 2022

China’s Small Banks Set for Spotlight Over Russia Support

While China’s willingness to support Russia is still unclear and the full extent of US and EU sanctions are still being worked out, Zhiwu Chen tells Bloomberg that small banks that don’t have any international business exposure will likely keep financing Russia and service payments. He added that these banks face a relatively low risk of being sanctioned by the US and West European countries.

Click here for more. 

Author

Zhiwu Chen

Chair Professor of Finance, the University of Hong Kong

Zhiwu Chen

THE ASIA GLOBAL INSTITUTE

Room 326-348, Main Building
The University of Hong Kong
Pokfulam, Hong Kong

© 2024 Asia Global Institute
All rights reserved.