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Comments by China Securities Regulatory.......>

CHINA
CHINA: Comments by China Securities Regulatory Commission vice chairman Fang
Xinghai re China having to prepare for the risks of being cut off from the US
dollar payment system were made earlier today at a Caixin forum, though a BBG
story reporting it this morning seemed to make less of it than the SCMP. - "Such
things have already happened to many Russian businesses and financial
institutions. We have to make preparations early - real preparations, not just
psychological preparations,"Fang said, per SCMP.
- Last week Fang had said the global status of the USD made it easy for the US
to sanction other countries.

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