Chinese banks rush to suspend commodity linked products after investors suffered huge losses on oil products

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China’s biggest banks are rushing to halt new investment in products linked to commodities futures to prevent after the unprecedented collapse of crude oil prices burned investors at home and abroad.

The Industrial and Commercial Bank of China (ICBC), the country’s largest lender by assets, has suspended the sale of such financial instruments, it said, after oil’s slump reportedly saddled retail investors at Bank of China and professional traders elsewhere with billions of losses.

According to ICBC’s website, its commodities futures trading products are sold to individual customers and are linked . . .

Sign In or Subscribe To Get Full Access.

We Are Live On THE WIRE Every Trading Day. Don't Miss Out. Grab Limited-Time Welcome Offer! See Samples

Join Us Now

Users' reviews

Mike379 💬

"I appreciate the site because it contains all the news necessary to follow China market. With the comprehensive coverage and live updates, I no longer need to scour multiple sources. It's saved me so much time and hassle."

D. Alonso 💬

"I've been using this platform for a while now, and one thing that impresses me is regulatory updates, on both national and regional levels, which is hard to find in other sources. This kind of information really helps me get a comprehensive and deeper understanding of what's happening on the ground."

CJ 💬

"I used to rely on more general mainstream sources for China market information, but I found their coverage was often too broad and random, lacking critical details and local context. Yuan Talks' more focused and systematic approach has changed the way I stay informed. If you're serious about navigating the China market, this platform is highly recommended."

Osterman 💬

"The platform has made tracking China market incredibly easy. I can quickly access all the information I need and effortlessly navigate through the platform to stay updated on the latest developments in the Chinese market."

J. Lee 💬

"Very comprehensive website about China, realtime news, professional views, industry data etc. Perfect place to go if you need to monitor China market."

They work with us