US Suspects China of Massive Cyber Attack

US suspects China to be behind a major cyber attack on the US federal government personnel office.

1 min read
Representational image. (Photo: iStock)

US officials are investigating whether a massive cyber attack on the federal government’s personnel office originated in China, a source familiar with the matter said on Thursday.

The Chinese Embassy in Washington DC, responding to the reports said on Thursday that jumping to conclusions was “not responsible, and counterproductive.”

Jumping to conclusions and making (a) hypothetical accusation is not responsible and is counterproductive.
-Zhu Haiquan, Spokesperson, Chinese Embassy, Washington DC

Zhu Haiquan also said that China had made great efforts to combat cyber attacks and that tracking such events conducted across borders was difficult.

Chinese Companies No Longer Want to Stay in New York

The cyber attack accusation has come in the wake of Chinese companies trying to leave the markets in New York.

On Thursday, Chinese Premier Li Keqiang encouraged companies to follow in the footsteps of major Chinese gaming companies who are planning to return to China, particularly those with “special ownership structures.”

Special ownership structures of some Chinese firms have contractual loopholes employed to evade restrictions on foreign ownership.

China is lining up the finances to assist the repatriation.

Shengjing Management Consulting has launched a fund-of-funds that intends to repatriate about 100 Chinese firms.

Investment bank China Renaissance has teamed up with Citic Securities to raise funds to help delisting.

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