[TigerLikesRooster]

China banks fear US North Korea sanctions

China's big banks have been quietly but surely weaning themselves off North Korean money.

This is not particularly about their troublesome neighbour. It is because of a fear of US repercussions.

Bank branches near the North Korean border have told the BBC they've been instructed not to open any new accounts for that country's citizens and businesses.

This is not part of any United Nations sanctions regime.

It is an attempt to head off further US measures targeting Chinese banks which are accused of doing sanctions-busting business with North Korea

[Pollster1]

I do not think this is appropriate. They are banks, not agents of our government, and they have no obligation to get involved in our foreign policy.

[BeadCounter]

Individuals are sanctioned from various countries for whatever wrong we see them doing.

We are placing economic sanctions on NK, why not this additional measure? I agree with it.

[Artemis Webb]

If all of this is to get NK to the “negotiating table” then what’s the point? They’ll just lie to get what they want then go back to their same old ways.