China’s ICBC to restrict some forex and commodities trading By Reuters – Investing.com

China’s ICBC to restrict some forex and commodities trading By Reuters – Investing.com

SHANGHAI (Reuters) - Industrial and Commercial Bank of China (ICBC) said on Friday it will restrict certain types of retail businesses involving foreign-exchange and commodities trading.

The move by China's biggest bank comes alongside a range of actions by regulators to curtail financial risks that include dampening commodity price rises, banning cryptocurrency transactions and restricting property speculation.

The bank's restrictions also come as global energy prices have surged in response to power shortages in China and some other parts of the world.