The concept stock of Kunlun Bank rose by daily limit today.

The United States and European Union countries decided to kick certain Russian banks out of the SWIFT system, and Kunlun Bank's concept shares rose by the daily limit today. Kunlun Bank Co., Ltd. is controlled by Petrochina Group Capital Co., Ltd., and the third largest shareholder is China Shipping Group. Because Petrochina Company Limited Kunlun Bank has no branch in the United States, and the original barter transaction model can perfectly avoid the US dollar settlement system, under the circumstances of the global sanctions of the United States and the increasing monitoring of US dollar settlement, Kunlun Bank has played an important role in the trade between China and the sanctioned countries.