The Industrial and Commercial Bank of China suffered a ransomware attack, the Financial Times reported on Thursday. According to the report, the attack disrupted the United States Treasury market as …
FINANCE
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 investment of 18.73…
China’s top regulators summon big developers for financial briefings
The developers are state-owned China Resources Land, China Overseas Land and Investment, Poly Real Estate Group, mixed-ownership developer China Vanke, Gemdale and private developer Longfor Properties. The six are the few big developers that have…
China’s private pension plan aims to cover every nook and granny as demographic crisis takes hold
With its population ageing rapidly, China aims to boost its pension-fund market by offering new financial products, but drumming up interest is a challenge And those who do participate – often after being given the…
Ransomware attack on China’s ICBC disrupts Treasury market trades
A ransomware attack on Industrial and Commercial Bank of China (ICBC) disrupted some trades in the U.S. Treasury market on Thursday, the Treasury Department said.
US, China finance chiefs open talks with eye on curbing tensions
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.
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 …
