Leaked files reveal the bank serving Beijing’s interest worldwide
· Australian Financial ReviewPeter Ker and , Lucy King
Sep 15, 2026 – 8.01am
When Liao Lin whimsically observed that “large boats carry heavy loads”, he wasn’t talking about the Australian commodities that his bank was helping put on ships bound for China every day.
The chairman of the world’s biggest lender, the Industrial and Commercial Bank of China, was instead talking about the responsibility to deliver Chinese national interest objectives alongside a commercially rational loan book while operating within the laws of foreign countries.
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Peter KerResources reporterPeter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Lucy KingJournalistLucy King reports on data-driven investigations and explainers Email Lucy at lucy.king@afr.com
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