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News on Banking & Finance in China

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Huishang takes control of the remnants of Tomorrow Group’s failed bank
Feb 21, 2020 (WiC 483)

It’s a problem that long predated the Covid-19 outbreak and its resolution has been in gestation since last May: the restructuring of the troubled Baoshang Bank. Huishang Bank, a major player in Anhui province, has emerged as a white-knight ...

Capital injection

Which healthcare stocks are benefiting from the coronavirus crisis?
Feb 14, 2020 (WiC 482)

Perhaps no single drug is more associated with its manufacturer’s success than Bayer’s Aspirin. Developed by German chemist Felix Hoffmann to alleviate his father’s rheumatism, the painkiller has been sold as an over-the-counter tablet ...

On neutral ground

A cloud company lists on Shanghai’s STAR board
Jan 31, 2020 (WiC 481)

For centuries before it adopted the policy of neutrality in global affairs, Switzerland had been Europe’s go-to supplier of mercenary troops, thanks to its bellicose pikemen and strategic location guarding the Alps. It wasn’t until losing the ...

Not ready to share

Why Chinese brokerages plan an ‘aircraft carrier’
Jan 10, 2020 (WiC 478)

The ‘twenties’ are shaping up to be a pivotal decade for the securities industry in China: one where it will become clear whether the global investment banks and brokers can truly cement themselves there. Also on the agenda: can their ...

Milking the moment

Infant milk producer Feihe’s IPO dogged by short-seller attack
Dec 6, 2019 (WiC 477)

Calling out financial skulduggery in Hong Kong is not for the faint-hearted. Dan David, co-founder of GeoInvesting – a due diligence firm that targets Chinese companies on overseas bourses – once said that he was getting intimidating emails ...

Show me the money

Bond defaults rattle investors, especially at firms with cash on the books
Dec 6, 2019 (WiC 477)

In the late 1970s Chinese newspapers were still setting type by hand. In order to print in a language with several thousand characters, more than 20 tonnes of lead were used each year for the mountain of metal the typefaces required. Computers ...

Open sesame (once again)

Alibaba goes back to Hong Kong for a secondary listing
Nov 29, 2019 (WiC 476)

The debut of Alibaba’s shares in Hong Kong in November 2007 was a record-smashing moment. The territory’s benchmark Hang Seng Index was already trading at historical highs when the Chinese e-commerce firm spun off its B2B ...

Beating the benchmark

Critics urge caution as more Chinese stocks join global indices
Nov 29, 2019 (WiC 476)

Stock market investors wanting to benefit from more exposure to Chinese equities might do well to buy some iron disulfide (pyrite) stones for their homes and offices. In feng shui terms, the stones are winners for attracting ...

Big banks get a telling off

State Council warns banks not to penalise smaller borrowers
Nov 29, 2019 (WiC 476)

China’s central bank identified 586 lenders and financing firms in the high-risk category in its annual financial stability report, which was published on Monday. That was about 13% of the total, up a little on last year. But aside from ...

A mini-Lehman moment?

Bank runs expose strains on China’s $41 trillion banking system
Nov 22, 2019 (WiC 475)

The wads of red Rmb100 bills stacked at the counters at a branch of the Yichuan Rural Bank last month were not meant to be part of the decor. As speculation about its insolvency ran high – especially when its chairman went missing – the cash ...

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