More Chinese Banks Boycott Sibos

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has confirmed receipt of notification from more Chinese banks that they will not be participating at its annual Sibos financial services conference, being held in Osaka, Japan, from 29 October to 1 November.

Earlier this month, Swift reported that the Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC) and Bank of China (BoC) had withdrawn all speakers and delegates from
Sibos
, but that registrations for the event were still ahead of target. The list of ‘no-shows’ has now been extended to China Citic Bank, Baoshang Bank and Bank of Inner Mongolia.

The latest withdrawals again relate to China’s dispute with Japan over the sovereignty of islands in the East China Sea, which continues to sour relations between the two countries.

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