US Treasury Secretary Janet Yellen opened talks Thursday with Chinese counterpart He Lifeng ahead of a key Asia-Pacific leaders’ summit, seeking to limit tensions despite looming national security concerns.
FINANCE
ICBC, China’s largest bank, said to be hit by ransomware attack
The Industrial and Commercial Bank of China has been hit by a ransomware attack, market participants told the Financial Times on Thursday, in a move that may have interfered with the U.S. Treasury …
China’s largest bank, ICBC hit by ransomware software -FT
The Securities Industry and Financial Markets Association told members on Thursday that China’s largest bank ICBC , had been hit by ransomware software which paralyses computer systems unless a …
Beijing’s Financial Street to accelerate high-level financial opening-up, build new global financial hub: FSF report
In order to promote the high-quality development of the Financial Street in Beijing’s Xicheng district, which has been dubbed the National Financial Management Center, it is suggested to accelerate …
US and Chinese finance ministers open talks ahead of Biden-Xi meeting
U.S. Treasury Secretary Janet Yellen and her Chinese counterpart, Vice Premier He Lifeng, are meeting Thursday in San Francisco to discuss economic issues between their countries.
Ex-bank president pleads guilty to bribery
Tian Huiyu, former president of China Merchants Bank, pleaded guilty to accepting more than 210 million yuan ($28.8 million) in bribes on Thursday while on trial in Changde, Hunan province.
China’s Central Bank to Provide Emergency Liquidity to Debt-Loaded Regions
The PBOC will cooperate with related government agencies and local governments to offer financial support for the stable and healthy development of the real estate sector, reducing risks, and …
Economic Watch: China retains strong appeal for foreign banks amid high-standard opening up
Not just Kasikornbank (China), but many foreign financial institutions have been increasing their investment in China. From 2020 to the end of September this year, foreign banks in China added a total …
China’s economy still seen as ‘important engine, stabilising force’ amid global turmoil despite domestic challenges
Deputy central bank governor Xuan Changneng says China is expected to achieve its economic growth target of ‘around 5 per cent’ this year But central bank monetary policy committee member Liu Shijin …
Hong Kong’s ‘back in business’ claim rings true, as client focus on mainland China undiminished: Deutsche Bank CFO
The leaders of global banks need to get out of their boardrooms and come to Hong Kong to see for themselves that the city is well and truly back in business, according to the chief…
China tightens share-offering rules for listed companies in bid to avoid issuance glut and boost markets
The curbs, which primarily target share sales and placements by publicly-traded companies, are part of the latest efforts by financial regulators to bolster confidence in China’s US$9.6 trillion stock …
With or without foreign investors, China deals will still get done
Chinese state-owned enterprises are stepping into this gap too. Hangzhou State-Owned Capital Investment and Operation Co. agreed earlier this year to buy Yingde Gases from a company controlled by PAG …
Hong Kong finance summit tiptoes around China
Hong Kong in November enjoys a pleasant climate that some local managers dub “chairman weather”. That’s because it tends to coincide with visits from senior executives eager to escape chilly temperatures and shorter days in…
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