Now the Bank of China freezes N. Korea assets in Macau

Written on July 26, 2006 by Macau

The state-owned Bank of China has frozen North Korea-related assets in its Macau branch, the United States has learned, two U.S. officials said on Monday.

Although the development is only now coming to light, one official told Reuters it pre-dated Pyongyang’s July 4 missile tests and hence does not reflect a post-test attempt by China — Pyongyang’s chief patron — to increase pressure on the North to return to six-country nuclear negotiations, as the United States has demanded.

Full story read here Bank of China Macau

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