China can raise its budget deficit ratio next year to support the economic recovery because there is still space for the central government to issue more debt, Wang Yiming, a policy adviser to the …
Tagged By banking
China’s biggest lender ICBC hit by ransomware attack
U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year.
FirstFT: Ransomware attack on China’s biggest bank disrupts trades in US Treasury market
Also in today’s newsletter, Nvidia develops new AI chips for China and US and Israeli spy chiefs hold hostage talks …
‘E-pregnancy’: women in China choose quirky method to save cash by putting money ‘spent’ on virtual baby in bank
Young women in China have struck upon a novel way of saving money by creating a virtual pregnancy then banking the money they “spent” on the “expected child”.
Ransomware attack on Industrial and Commercial Bank of China disrupts US Treasury market trades
The incident affected some financial services, preventing the bank from settling some trades, though the exact impact was unclear.
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…
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 …
