• Burmese
Saturday, July 19, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
27 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home News Asia

Burma Praises China for Suspending Rebels’ Bank Account

Reuters by Reuters
March 22, 2017
in Asia
Reading Time: 2 mins read
0 0
A A
The logo of the Agricultural Bank of China is seen inside a business building in Beijing, China. / Reuters

The logo of the Agricultural Bank of China is seen inside a business building in Beijing, China. / Reuters

4.8k
VIEWS
Share on FacebookShare on Twitter

RANGOON –– Burma’s government praised China on Wednesday for suspending a Chinese bank account used by ethnic rebels fighting the Burma Army, in a move to prevent potential damage to diplomatic ties.

Reuters has revealed that an ethnic rebel armed group fighting government forces near the Chinese border had been openly soliciting funds via China’s giant state-owned lender Agricultural Bank Of China (AgBank).

Burma’s peace process – started under the previous semi-civilian administration – has lost momentum after Nobel Peace Prize winner Daw Aung San Suu Kyi came to power in 2016, with some of the militias accusing her of a one-sided approach and refusing to join a major peace conference.

RelatedPosts

Conjuring an Election Illusion in War-Torn Shan; Raiding Offshore Gas to Stay Afloat; and More

Conjuring an Election Illusion in War-Torn Shan; Raiding Offshore Gas to Stay Afloat; and More

July 19, 2025
108
Myanmar Crisis Spells Opportunity for U.S.-India Cooperation

Myanmar Crisis Spells Opportunity for U.S.-India Cooperation

July 18, 2025
396
Behind the Scenes: China’s Hand in Myanmar’s Election

Behind the Scenes: China’s Hand in Myanmar’s Election

July 16, 2025
1.7k

Relations with China have been strained by the ethnic conflicts spilling over the border, and some observers say Beijing uses ethnically Chinese insurgent groups as a means of leverage over Burma.

The decision to suspend AgBank was welcomed by Daw Aung San Suu Kyi’s government.

“We appreciated this action. Stability and peace in border area is common interest for both sides,” Burma’s presidential spokesman, Zaw Htay, told Reuters. “[It was a] very positive move from China.”

Zaw Htay shared the Reuters story on his widely-followed Facebook page and Twitter accounts, tagging key negotiators in Burma’s peace process.

Over nearly two years, the Myanmar National Democratic Alliance Army (MNDAA) raised more than US$500,000, deposited directly in an AgBank account or sent it via two mobile payment services – Tencent Holdings’ WeChat Pay and Alipay, part of Ant Financial, which is affiliated with US-listed Chinese e-commerce giant Alibaba.

The account was suspended over the weekend, shortly after Reuters had sent AgBank a list of questions regarding the transactions, which compliance experts said could point to a weakness in controls aimed at stopping the global financial system being used to fund terrorism or facilitate crime.

There is no evidence that Agbank, or other financial entities that handled transactions for the MNDAA, have broken Chinese law.

Earlier this month, insurgents from the predominantly ethnic Chinese MNDAA attacked government troops in northeastern Burma. Some 20,000 people fled across the border to China to escape the fighting, prompting Beijing to call for a ceasefire.

In a rare move, Burma army chief Snr-Gen Min Aung Hlaing disclosed on his official Facebook page that he had summoned the Chinese ambassador and defense attaché on Tuesday to discuss the conflict, and how to cooperate to bring about peace and stability.

 

Your Thoughts …
Tags: ChinaMyanmar National Democratic Alliance Army (MNDAA)Peace Process
Reuters

Reuters

...

Similar Picks:

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang
Burma

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang

by Hein Htoo Zan
November 28, 2023
98.5k

Myanmar National Democratic Alliance Army troops are opening roads and pathways through forests for people to flee Kokang’s capital as...

Read moreDetails
Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses
Business

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

by The Irrawaddy
November 27, 2023
38.6k

Jin San Jiao is latest northern Shan State trade hub in crosshairs of ethnic Brotherhood Alliance.

Read moreDetails
Brotherhood Alliance Marching Towards Capital of Myanmar’s Kokang Region
Burma

Brotherhood Alliance Marching Towards Capital of Myanmar’s Kokang Region

by The Irrawaddy
November 25, 2023
31k

Chinese embassy urges citizens to flee Laukkai Town as ethnic armies prepare to drive Myanmar junta troops from Kokang’s capital.

Read moreDetails
Junta Battalion Controlling Myanmar-China Trade Route Surrenders to KIA 
Burma

Junta Battalion Controlling Myanmar-China Trade Route Surrenders to KIA 

by Saw Reh
January 26, 2024
22.6k

Kachin Independence Army seizes another base in northern Shan State, cutting off regime troops in the border trade town of...

Read moreDetails
Has China Lost Control of Ethnic Armies in Myanmar’s War-Torn Borderland?
Guest Column

Has China Lost Control of Ethnic Armies in Myanmar’s War-Torn Borderland?

by Bertil Lintner
November 6, 2023
21.4k

The Brotherhood Alliance’s offensive against the junta in northern Shan has shut down trade and resource access, but Beijing still...

Read moreDetails
Myanmar Regime Raises the White Flag in Kokang Zone on China Border in Shan State
War Against the Junta

Myanmar Regime Raises the White Flag in Kokang Zone on China Border in Shan State

by The Irrawaddy
January 5, 2024
20.5k

Surrender of headquarters in Laukkai town brings the Brotherhood Alliance another step closer to its goal of ridding northern Shan...

Read moreDetails
Load More
Next Post
An election campaign in Mon State in 2012. / Reuters

By-Elections Stir Up Regional Controversy

The New Mon State Party meets with civic leaders in Moulmein, Mon State. / Minmin New / Facebook

New Mon State Party Likely to Sign NCA

No Result
View All Result

Recommended

What the ‘Snake Charmer’ Analogy Gets Wrong About Myanmar

What the ‘Snake Charmer’ Analogy Gets Wrong About Myanmar

4 days ago
1.5k
Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

1 week ago
3.5k

Most Read

  • Myanmar Junta Airstrikes Protecting Irrawaddy Flotilla Kill 20

    Myanmar Junta Airstrikes Protecting Irrawaddy Flotilla Kill 20

    shares
    Share 0 Tweet 0
  • More Than 20,000 Displaced As Myanmar Junta Burns Homes Around World Heritage Site

    shares
    Share 0 Tweet 0
  • Myanmar Junta’s Recapture of Nawnghkio Shows Strategic Missteps by TNLA

    shares
    Share 0 Tweet 0
  • Indian Top Brass Visit Myanmar After Cross-Border Drone Attack

    shares
    Share 0 Tweet 0
  • Myanmar Junta Using Conscripts as Cannon Fodder, Defectors Say

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.