The Industrial and Commercial Bank of China will halt all open positions in commodity-linked products after oil roiled global markets earlier this month. Photo: Reuters The Industrial and Commercial Bank of China will halt all open positions in commodity-linked products after oil roiled global markets earlier this month. Photo: Reuters
The Industrial and Commercial Bank of China will halt all open positions in commodity-linked products after oil roiled global markets earlier this month. Photo: Reuters

Chinese banks scramble to stem fallout from commodity-linked products after oil crash hits investors with billion-dollar losses

  • ICBC follows peers in suspending new investment in products linked to commodity futures, citing recent market volatility
  • Caution comes after Bank of China’s oil futures product reportedly saddled retail investors with US$1.4 billion setback

Topic |   Bank of China
The Industrial and Commercial Bank of China will halt all open positions in commodity-linked products after oil roiled global markets earlier this month. Photo: Reuters The Industrial and Commercial Bank of China will halt all open positions in commodity-linked products after oil roiled global markets earlier this month. Photo: Reuters
The Industrial and Commercial Bank of China will halt all open positions in commodity-linked products after oil roiled global markets earlier this month. Photo: Reuters
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