Finance
China Asks Banks to Report Exposure to Venezuela After US Raid
Signs depicting Chinese workers mark the entrance to a rail factory at China Railway Engineering Corporation's (CREC) Tinaco-Anaco railway project in Los Dos Caminos, Venezuela in 2012.
Photographer: Meridith Kohut/Bloomberg
China’s top financial regulator asked its policy banks and other major lenders to report their lending exposure to Venezuela after the US ousted the South American country’s Beijing-friendly leader, according to people familiar with the matter.
The National Financial Regulatory Administration also urged banks to strengthen risk monitoring of all Venezuela-related credit, seeking to assess potential dangers to China’s lenders, said the people, who asked not to be identified because the talks are private.