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Wire: US Warns HK Banks against Funding Iranian Oil & Other Illegal Deals
A delegation from the US Treasury Department met with representatives from some Hong Kong banks in April, warning the industry not to assist Iran in transporting oil to China, Bloo...
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Wire: US Warns HK Banks against Funding Iranian Oil & Other Illegal Deals
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A delegation from the US Treasury Department met with representatives from some Hong Kong banks in April, warning the industry not to assist Iran in transporting oil to China, Bloomberg reported, citing sources.

Representatives from HSBC HOLDINGS (00005.HK)  +0.500 (+0.552%)    Short selling $153.41M; Ratio 9.254%   , STANCHART (02888.HK)  +1.000 (+0.847%)    Short selling $1.10M; Ratio 3.529%   and BOC HONG KONG (02388.HK)  +0.300 (+0.915%)    Short selling $64.86M; Ratio 17.998%   were present at the meeting, sources divulged.

Related NewsJPMorgan Forecasts HK Banks' Earnings to Drop 21% on Average This Yr If 1-Mth HIBOR Stabilizes at 2%
These banks were urged to take action to reduce the flow of funds supporting Iranian oil exports and other illegal transactions, to identify the ultimate beneficiaries of shell companies, and to flag suspicious transactions conducted in non-USD currencies.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

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