Chinese banking giant injects $1.3 billion to rescue Huawei

China’s ICBC transferred $1.3 billion to Huawei after its US indictment.

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The fact

The transaction, uncovered by the International Consortium of Investigative Journalists, shows Chinese banks’ alignment with Beijing.

Huawei, under US sanctions, now relies on state support to survive.

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Auto-synthesis from 1 media source · identified on September 14, 2026