From the original report:

-Over a third of the world’s largest banks (26 of 65) reduced their fossil financing from the previous year, with some European banks and some Canadian banks driving most of that progress.

-The remaining 39 banks moved in the opposite direction, and some US, Japanese, and Chinese banks were responsible for the largest year-on-year increases.

-On balance, the world’s 65 largest banks committed $906 billion to companies conducting business in fossil fuels in 2025, up $64 billion or 7.6% from 2024.

-Since 2021, global banks have funneled over $4.2 trillion in financing to fossil fuels, including $2.1 trillion to fossil firms in expansion.

Edit

Dealmakers and Dealtakers: Top Bank Financing by Country 2025

The US dominates as a financial center providing bank financing for fossil fuels. This petrostate also jumps off the chart (below) as the nation receiving the most fossil fuel debt from banks. In fact, US fossil fuel corporations received 45.4% of all fossil fuel financing in 2025. Comparing countries’ total bank fossil financing to their fossil fuel company borrowers, the US is an outlier. It is the only Big Six financial center [comprising the U.S., Canada, Japan, EU, China, UK] whose fossil firms receive more bank financing than its banks provide. Japanese banks, on the other hand, provide much more financing than the country’s fossil sector receives. In China, the volume of bank financing to fossil firms is about equal to the amount received by fossil firms. This is at least partly explained by China’s more insular financing model: about 86% of 2025 fossil financing from Chinese banks went to Chinese comp

… since the outbreak of the war in Israel, Beijing has classified Israel as a “high-risk area” and imposed a ban on any new Chinese investments in the country.

The South China Morning Post, a Hong Kong-based Chinese propaganda outlet, published just last week that China, Israel continue to collaborate in science and tech despite unrest in Gaza.

While Beijing supports Palestine and has a fractious relationship with Tel Aviv’s closest ally, cutting-edge innovations keep them together.

In a report published just now in February 2026, Lloyd’s Bank explicitly says,

Chinese investment in Israel has grown rapidly in recent years, particularly in software, IT services and consumer electronics.

Trade between China and Israel is also at an all-time high since the outbreak of the pandemic, and this hasn’t notably changed since the Gaza war (with Chinese exports to Israel have always been higher than imports from Israel, so Israel runs a trade deficit with China).

It’s important to note that this Chinese Ballet Vision fund cites losses of its investment since the outbreak of the war in Gaza, and it seems this is the real issue here. China is heavily investing and trading with Israel. Nothing has changed.

This is not much more than propaganda, the numbers paint a different picture. China-Israel business ties are stronger than ever, despite Gaza.

[Edit typo.]