Banking & Finance « Week In China

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Banking & Finance

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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 ...

Meet the voracious investor in China’s food and beverage brands
Mar 29, 2019 (WiC 446)

After years of outperformance, 3G Capital, the trusted investment partner of Berkshire Hathaway, looks to have shed its halo. Apart from facing a probe by the US financial watchdog, its flagship food company Heinz Kraft ran up colossal losses ...

Should investors be panicked by the red ink at Meituan-Dianping?
Mar 22, 2019 (WiC 445)

Weighed down by a $2 billion loss from unauthorised bets on the forex market, Citic Pacific’s HK$12.7 billion ($1.6 billion) loss in 2008 was one of the worst by a Hong Kong-listed firm in recent memory. Chalco’s Rmb16.3 billion ($2.4 ...

Bumper profits for Ping An
Mar 22, 2019 (WiC 445)

While food delivery firm Meituan-Dianping shocked investors with the biggest corporate loss in Hong Kong history (see page 9), Ping An Insurance has been making headlines for better reasons. Thanks to rapid growth in its life and health ...

How a research report on PICC spooked Chinese stocks last Friday
Mar 15, 2019 (WiC 444)

At the height of the stock market bubble in 2000 ‘sell’ ratings made up just 1% of the recommendations of investment bank’s equity analysts. In a regulatory revamp after the Enron debacle, Wall Street brokerages were required to explain the ...

Bullishness on Chinese stocks rises as MSCI ups its index allocation
Mar 8, 2019 (WiC 443)

Politics isn’t supposed to be a place to get rich but China’s lawmakers seem to be doing well enough, with 93 dollar-denominated billionaires in the legislative and advisory branches of the government, according to calculations from the Hurun ...

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