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News on Banking & Finance in China

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The stability trade

How will the A-share market and Hang Seng Index perform in 2022?
Jan 7, 2022 (WiC 568)

The Hong Kong stock market was humming along in bullish mood in late 2020, following a 17% rebound in the Hang Seng Index (HSI) in the fourth quarter of the year. The rally was fuelled by hopes that more of the Chinese internet heavyweights would ...

Ant makes a further strategic retreat, closing Xianghubao
Jan 7, 2022 (WiC 568)

Ten years ago Muhammad Yunus’ Grameen Bank was a topic for widespread debate in the Chinese market. Entrepreneurs and government officials alike hoped to copy the Nobel Peace Prize winner’s model as part of the wider effort to tackle poverty. ...

Coining the cash

Binance keeps growing, despite China’s crypto crackdown
Dec 10, 2021 (WiC 567)

Tweets from Elon Musk have a history of sparking sudden moves in share prices, not just for his own company Tesla but also in sectors like cryptocurrency, where prices soar, or slump, in response to his pronouncements. So another of his ...

A refreshing ale

CR Beer is a Hong Kong blue-chip once more
Nov 26, 2021 (WiC 565)

With the blessing of the British government, the Communist Party of China (CPC) set up a Hong Kong office for its Eighth Route Army in 1938. Camouflaged as a trading firm called Liow & Co, the unit helped to source funds and supplies for ...

The capital’s market

Beijing’s new bourse got off to a flying start on Monday when trading began
Nov 19, 2021 (WiC 564)

‘Shenzhen speed’ is often used to describe how the southern Chinese city gets things done at a rapid rate. Rival cities don’t think Shenzhen is doing anything particularly special. The country’s capital Beijing is taking pride in how it ...

Called to account

PwC faces investigation after complaint over Evergrande audit opinion
Nov 5, 2021 (WiC 562)

It has been a torrid time for auditing firms in China. Regulators have stepped up their oversight, fining a number of auditors after a spate of stock market frauds. Ruihua – formerly a leading auditor of A-share companies – was even closed ...

What’s next for Evergrande?

With the property firm’s finances in the news we look at prior restructurings
Sep 30, 2021 (WiC 558)

Until relatively recently the view from investors was that the ‘Beijing Put’ would always prevail in China’s financial markets, meaning that the government wouldn’t let large corporates fail (for our explantion of the Beijing Put see ...

Blue chip quality?

Our WiC30 A-Share Blue Chip Index is up 12.5% annually since its launch
Sep 24, 2021 (WiC 557)

Journalist Charles Dow founded his famous index on May 26, 1896, with the intention of creating a “window” on the stockmarket and the wider economy. He chose 12 companies that he thought representative of America’s burgeoning industrial ...

Liaoning Fangda emerges as an unlikely white knight for HNA’s airline
Sep 17, 2021 (WiC 556)

The Chinese bond market has been restive lately. Names that were deemed too big or too important to fail such as Founder (a chipmaker backed by Peking University) and Brilliance (the first Chinese car firm to go public in the US) are going ...

A tale of three cities

Why does China need a new stock exchange in Beijing?
Sep 10, 2021 (WiC 555)

London first got a stock exchange in 1698 but Beijing had to wait until 1918 for a bourse of its own. The Peking Securities Exchange was the first Chinese-owned stock market, with the slightly older Shanghai exchange set up a few years earlier ...

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