Bourse and Bazaar | Maziar Motamedi: Bank of Kunlun, the state-owned bank at the heart of Chinas trade with Iran, has made a dramatic change in its policies, informing clients that it will no longer process payments that contravene US secondary sanctions on Iran. On December 10, deputy president of the Iran-China Chamber of Commerce Majid Reza Hariri ...

Financial Tribune - An official with the Iran-China Chamber of Commerce and Industries denied reports that China's Bank of Kunlun has severed ties with its Iranian customers. Majid Reza Hariri said Bank of Kunlun has not denied service to Iranians but rather, has notified commercial account holders that if they have an open letter of credit or unfinished ...