China’s foreign ministry said Friday that “the business systems and office systems of the head office of ICBC and other domestic and foreign branches and subsidiaries within the group are normal.” “As …
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Ransomware attack on China’s biggest bank may have hit US Treasury market
A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may …
China’s ICBC, the world’s biggest bank, hit by cyberattack that reportedly disrupted Treasury markets
The U.S. financial services division of Chinese bank ICBC was hit with a cyberattack that reportedly disrupted the trading of Treasurys.
Suspected Russian hackers disrupted the market in U.S. Treasuries by attacking China’s—and the world’s—largest bank
ICBC was reportedly forced to conduct some trades via a portable USB drive after the bank was hit by a ransomware attack.
China’s emergency yuan loans to debt-beset nations mark ‘strategic pivot’ in helping poorer countries pay back Beijing
China under pressure to offer more relief to heavily indebted nations amid allegations from other countries that it has engaged in ‘debt-trap diplomacy’ With Beijing ‘bailing out countries with the biggest belt-and-road project debts’,
CIIE deals hit record US$78.4 billion amid China’s push to mend trade ties, boost global economy
The value of deals at the six-day CIIE rose 6.7 per cent year on year, according to the organiser CIIE Bureau. Exhibitors at the American Food and Agriculture Pavilion signed US$505 million worth of …
A Big EV IPO Is Coming From China
The market for global Chinese IPOs may be in the doldrums, but decent-sized listings are still in the works—especially from companies that are being carved out from already listed parents. Zeekr, the …
Biden-Xi summit could be last chance to stabilize U.S.-China relationship: Op-ed
A lot will be at stake during Xi-Biden summit on sidelines of Asia Pacific Economic Conference as global rivals try to strike a balance before it’s too late.
Explainer: Iran’s expanding oil trade with top buyer China
China’s oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions.
Nvidia will reportedly sell new chips to China that still meet U.S. rules
U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. restrictions.
China denies accusations of forced assimilation and curbs on religious freedom in Tibet
A government official from China’s Tibetan region has rejected allegations of forced assimilation and curbs on religious freedom, while stressing that Tibetan Buddhism should adapt to the Chinese context.
China’s import expo sees record high tentative deals
Visitors taste honey from Benin at the 6th China International Import Expo (CIIE) in east China’s Shanghai, Nov. 5, 2023. [Photo/Xinhua] The sixth China International Import Expo (CIIE) saw a total of …
China Says Will Ensure Security, Stability at Border With Myanmar
BEIJING (Reuters) – China will ensure security and stability at its border with Myanmar, the Chinese foreign ministry said on Friday, while urging all parties in Myanmar to immediately stop fighting.