EXCLUSIVE-Chinese banks, Australia's Macquarie tiptoe into Asian oil finance void
Chen Aizhu 6 分钟阅读 SINGAPORE, Feb 25 (Reuters) - Chinese national banks and Australia’s Macquarie Group are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults and fraud allegations. Established financiers still taking on oil transactions, such as France’s BNP Paribas and Singapore’s OCBC , have raised compliance standards and are shying away from higher-risk small traders and refiners, according to interviews with over a dozen trading and banking executives. Beijing-controll...
Source: reuters.com