China criticizes possible US penalties against banks

AP  |  Beijing 

has criticised Washington's efforts to enforce US law abroad following a report three Chinese banks might be penalised over dealings with

The banks named by The Post as facing possible loss of access to the US financial system denied Tuesday they were under investigation.

A foreign ministry spokesman, Geng Shuang, said, "we consistently oppose the so-called long-armed jurisdiction of the on Chinese companies." Geng gave no confirmation of the Post's report.

said the court didn't identify the banks but details of the case fit the identities of Bank of Communications, Merchants Bank and

The banks issued statements saying they weren't under investigation and comply with UN sanctions imposed over North Korea's nuclear development.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 25 2019. 17:15 IST