Industrial and Commercial Bank of China · Full chronicle and history

On September 14, the International Consortium of Investigative Journalists released an investigative report, pointing out that the Industrial and Commercial Bank of China's London branch, under directives from headquarters, tied commercial business to national strategy, provided financing to sensitive enterprises, and bypassed compliance procedures to assist Huawei in transferring huge sums of money, reflecting the operational logic of Chinese state-owned banks where profit serves political objectives.