The incident affected some financial services, preventing the bank from settling some trades, though the exact impact was unclear.
Recent Posts
Ransomware attack on China’s largest bank disrupts US Treasury markets
The Industrial and Commercial Bank of China Ltd., China’s largest bank, has been struck by a ransomware attack that disrupted U.S. Treasury markets.
China’s ICBC bank reportedly targeted by hackers
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 …
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…
Syngenta’s IPO Delay Darkens Outlook for Asia Pipeline This Year
The announcement highlights a general malaise in first-time share sales in Asia, and follows China’s securities regulator’s decision in late August to slow the pace of IPOs, amid an economic downturn that’s been weighing on…
China Big Tech firms experiment with personalised chatbots amid push to monetise generative AI technologies
With China’s annual Singles’ Day shopping festival in full flow … AI chatbots to date and has already implemented strict regulations governing the emerging technology.
China could set new record for iron ore imports
For all the negative news coming from China this year on weak demand for steel products, weak exports, the property sector crunch and deflation, there is every likelihood the country could set a new …
AAPI voters attribute hate crimes to political leaders’ rhetoric on China: poll
18 to 24, reveals that 60% of AAPI voters connect the increase in hate crimes to political discussions about China. Amid the COVID-19 pandemic, the AAPI community saw a 339% surge in hate crimes, with…
Explainer: What is China’s Singles Day, and how is it celebrated?
The event has in recent years lost some of its novelty with the rise of other shopping festivals in China, including the midyear “618” sales that are the country’s second largest. Strict COVID-19 …
Long before rescue talks, China’s property giant Country Garden struggled to build homes, pay bills
BEIJING: When China’s largest developer Country Garden first skipped debt payments in August, its shares tumbled 14 per cent, marking a reversal of fortunes: from industry poster child to another troubled property company struggling to…
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…
China’s surprise NFT move, Hong Kong’s $15M Bitcoin fund: Asia Express
China issues legal guidance that gives NFT markets hope, Bitget invests $10M in Indian startups, SEBA Bank’s Hong Kong license: Asia Express.