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‘Underground’ Banking System Set up For China-Russia Trade

Asia Financial LogoAsia Financial20h ago

‘Underground’ Banking System Set up For China-Russia Trade - Asia Financial

Quick Summary:

Banking sources say the net payments system is designed for large corporations and works directly with 11 Chinese provinces

The post ‘Underground’ Banking System Set up For China-Russia Trade appeared first on Asia Financial.

The issue had become so important that Russian President Vladimir Putin and China’s President Xi Jinping discussed it during Putin’s visit to China in May 2024, which was aimed at cementing the two countries’ ‘no limits’ partnership.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 08:41:30 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 770 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 28171833

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

Update Frequency: 3 posts per day

Year Established: 1990

Headquarters: Hong Kong

News Last Updated: 14 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #86

Publisher Details

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The story "‘Underground’ Banking System Set up For China-Russia Trade" was covered 20 hours ago by Asia Financial, a news publisher based in Hong Kong.

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Asia Financial is a fully independent (privately-owned) news outlet established in 1990 that covers mostly investing and business news.

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It's most recent story was published 14 hours ago.

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  • News ID: #28171833
  • URL: https://chronographically.beamstart.com/news/underground-banking-system-set-up-17454143745890

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