chinese bank in mumbai froze $185mn loans after doklam

The investigation lays bare the extent of influence the Chinese state holds in all sections of its economic infrastructure – and offers a rare peek at how China sought to ring-fence its assets in India during the border standoff. With more than $8 trillion in assets, ICBC is China’s biggest commercial bank, placing it among an elite group of four state-owned financial behemoths that also include Bank of China, Agricultural Bank of China and China Construction Bank. The China Capital revelations come from a dataset of 4.8 million documents from ICBC’s London branch, including internal reports marked “trade secrets”, confidential…