Chinese key banks cease services for North Koreans

Chinese key banks cease services for North Koreans

China's Big Four state-owned banks have already ceased providing financial services to new North Korean customers, amid American worries that Beijing hasn’t been tough enough as for Pyongyang's recent nuclear tests.

Tensions between America and North Korea have inched up after the sixth and mightiest nuclear test conducted by the isolated regime on September 3 enabled the United Nations Security Council to impose fresh sanctions on Tuesday.

Chinese financial institutions have been heavily criticized for their decisive role as a conduit for funds flowing to and from North Korea.

China Construction Bank has absolutely prohibited business with the isolated regime, as some sources revealed. The ban was officially imposed on August 28.

Irritated that China hadn’t done more to tame North Korea, the Trump administration was considering fresh sanctions in July on small Chinese financial institutions as well as other companies doing business with North Korea, as two senior US officials disclosed.

Similar

NFP is coming!
NFP is coming!

Non-farm payrolls, the most awaited economic report, will be out on March 5 at 15:30 MT time.

Rise of NZD, dovish Fed, and stocks indices' sell-off
Rise of NZD, dovish Fed, and stocks indices' sell-off

Stock indices S&P 500 and Nasdaq are falling for seven days in a row. The New Zealand dollar skyrocketed to almost two-years highs. Fed’s Powell held a meeting yesterday and said that the central bank wouldn’t tight its easing policy anytime soon.

Latest news

Risk on is back on market
Risk on is back on market

The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera