Banking & Finance « Week In China

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Banking & Finance

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Ruihua accounting scandal postpones 60 IPOs
Aug 23, 2019 (WiC 463)

“If any problem is discovered in the accounts books, then the person in charge of administration and accounting and other officials should be liable for the indemnification against the insufficiency.” Such was the accounting stipulation ...

CSRC tightens net over financial fraud
Jul 26, 2019 (WiC 461)

When it comes to lame excuses, it is hard to top that the dog ate your homework. Unless, that is, you are an executive from seafood company Zhangzidao Fishery. Over the past few years, the Shenzhen-listed firm has regularly blamed sinking ...

Will the BAT troika become the oligarchs in China’s fintech space?
Jul 5, 2019 (WiC 458)

Over the past 20 years, three companies have come to define contemporary China. They are the BAT troika of Baidu, Alibaba and Tencent. They have certainly had some ‘down’ moments over the past couple of decades (just ask Alibaba’s Jack ...

Can going public refresh Wahaha’s aging brand?
Jun 21, 2019 (WiC 457)

It is one of the best known Chinese brands of the modern era and it is contemplating a stock market listing. So why is no one apparently welcoming the news that beverage manufacturer Wahaha is thinking about going public? Well firstly, Wahaha ...

Around 85% of China’s peer-to-peer lending platforms have perished
Jun 21, 2019 (WiC 457)

Ping An Insurance’s Hong Kong-listed shares began their upward revaluation in 2017, when investors started to view the Shenzhen-based conglomerate more as a tech player than purely as a traditional financial services provider. That perception ...

China nationalises Xiao Jianhua’s bank
May 31, 2019 (WiC 454)

Yet another dramatic chapter in the rollercoaster life story of tycoon Xiao Jianhua was penned at the weekend as Chinese journalists focused on the fate of his Baoshang Bank. The financier’s in Inner Mongolian lender was taken over by Chinese ...

Chemical firm’s campaign to restart share trading brings more trouble
May 24, 2019 (WiC 453)

Which is the most troublesome Hong Kong IPO in recent memory? More than a few investment bankers in the city might pick Tianhe Chemicals. Positioning itself as a major supplier of lubricant additives to refiners such as PetroChina, the ...

Hong Kong hands out more digital bank licences
May 17, 2019 (WiC 452)

How much of the future of fintech is Chinese? That’s the question being asked in Hong Kong after the city’s monetary authority granted another batch of licences to virtual banks – that is to say, lenders that do business through digital ...

‘Fake’ news on Gome founder sees stock spike 22%
Apr 12, 2019 (WiC 448)

On the first day of April in 2016, Xinhua announced that there would be no attempt at April Fool’s Day tomfoolery on its watch, in line with a crackdown on the spread of rumours on social media. In fact, April Fool’s Day spoofing doesn’t ...

Inclusion in a key fixed income index is a milestone for China bond market
Apr 5, 2019 (WiC 447)

Is that issuer from Hunan or Henan; Shanxi or Shaanxi? Pity the poor fund manager sitting at his desk in the American heartlands. After years of needing to know very little about the $13 trillion Chinese bond market, the day is getting closer ...

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