Bank of China (BOC), the country’s leading commercial bank, on Thursday evening denied a media report claiming the bank had defaulted earlier in the day.
The BOC statement came after the official Sina Weibo account for 21st Century Business Herald said the bank had defaulted on Thursday afternoon, deferring transactions for half an hour due to a fund shortage, citing anonymous sources.
BOC responded in a post on its official Sina Weibo that it has never had monetary defaults and had timely completed all outbound payments on Thursday.
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