CHINA ASKS BANKS TO PAUSE NEW LOANS TO US-SANCTIONED REFINERS - BBG

China has instructed banks to halt new loans to refiners that are under U.S. sanctions, signaling a tightening of financial support for these entities. This move could impact the capital flows within the Chinese energy sector, particularly affecting refiners that rely on domestic financing to maintain operations and expand capacity. The most exposed assets include shares of sanctioned refiners and related financial institutions, which may face increased volatility due to reduced access to credit. Traders will be particularly attentive to upcoming economic data releases from China that could indicate the broader impact of these sanctions on the refining sector and overall economic activity.

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