China Opposes U.S. Sanctions on Banks Over Iran Ties

The US has launched an 'economic offensive' against Iran and is calling on countries to stop trading with it under the threat of sanctions.

Consensus

China opposes U.S. sanctions targeting Chinese banks due to their cooperation with Iran.
China considers such sanctions unlawful and unilateral.
The U.S. has threatened secondary sanctions on countries continuing trade with Iran.
Iran welcomed China's criticism of U.S. sanctions.
China stated it is prepared to take necessary measures to protect its interests.
The U.S. has not yet imposed sanctions on major Chinese financial institutions despite their trade with Iran.

China's Foreign Ministry stated that the position against illegal unilateral sanctions is consistent and clear. — vedomosti
Iran's Parliament Speaker described China-Iran relations as an 'all-encompassing strategic partnership' and said no permission is needed to develop such ties. — interfax
The U.S. launched 'Operation Economic Outcast' targeting over 60 individuals, companies, and ships, and claimed Trump personally demanded global leaders cut economic ties with Iran. — tg_theinsider
The U.S. has not targeted major Chinese financial institutions because doing so would risk destabilizing the global financial system, according to Treasury Secretary Bessent. — tg_theinsider