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Heihe Rural Commercial Bank

Heihe Rural Commercial Bank
The latest news and top stories on Heihe Rural Commercial Bank. A Chinese regional lender based in Heihe City Heilongjiang Province, Heihe Rural Commercial Bank operates within the financial services sector. It provides banking products including agricultural loans microfinance and trade finance primarily serving local agricultural businesses and small and medium-sized enterprises. Holding a key regional financial position, it was the first in Heilongjiang to access a cross-border RMB payment system. The European Union recently sanctioned the bank for allegedly facilitating sanctioned goods via crypto transactions supporting Russia’s war machine.
China-EU relations

China bans agencies and individuals from dealing with 2 EU banks

The move is seen as countermeasure against financial sanctions imposed on two small Chinese lenders by 27-member bloc.

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