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News on Banking & Finance in China

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Looking for cover

New World buys FTLife as ‘China’s Berkshire Hathaway’ unloads assets
Jan 11, 2019 (WiC 436)

Underpinned by Chinese investors wanting to park some of their spare cash offshore in life insurance coverage, many of the recent takeovers of the Hong Kong units of a number of insurers have come from mainland buyers. Yunfeng Financial, ...

Bitcoin crash clouds crypto currency firms’ IPOs
Nov 30, 2018 (WiC 434)

Lei Hua did not expect the business of harvesting next-generation currency would lead to his downfall. A headmaster at a high school in Hunan, Lei secretly moved eight of his mining machines into his school’s electronics lab last July in a bid ...

Master and the market

Beijing bolsters its stock bourses in a bid to bluster through the trade war
Nov 2, 2018 (WiC 430)

It is said that the stock market never lies. And as American voters gear up to pick their congressmen and state governors next week, Donald Trump has pointed to it again in a bid to earn credit for his presidency. “The Stock Market is up ...

Moving the deckchairs

Is China’s ‘Titanic’ debt problem getting even bigger?
Oct 26, 2018 (WiC 429)

What do the following places have in common: Zhenjiang in Jiangsu province, Xiangtan in Hunan and Shaoxing in Zhejiang? The answer: they hold the dubious distinction of being China’s most indebted cities. Earlier this month, an HSBC research ...

Pandas set to make a comeback as foreigners tap renminbi bonds
Oct 26, 2018 (WiC 429)

The world’s three biggest domestic bond markets all have special categories for foreign issuers: Yankees in the US, Samurais in Japan and Pandas in China. And in China’s case, they have proved to be as rare as the bear they are named ...

Tanking the rankings

Why the Oscars for China’s financial analysts were suspended this year
Oct 5, 2018 (WiC 427)

Institutional Investor started in 1967 as a publication telling insider stories from Wall Street. But it was what the magazine did next that defined it: rating the performance of the sell-side analysts who scored the investment-worthiness of ...

Rush for the exit

Why private equity firms in China are facing tougher times
Aug 24, 2018 (WiC 421)

Zhihu is to China what Quora is to the US: a reliable source of answers for users’ questions – often provided by experts in their respective fields. Indeed, when Zhihu’s founder, Zhou Yuan, was recently touting his Series E funding, he told ...

Alipay and WeChat Pay to lose lucrative revenue stream in fintech backlash
Jul 20, 2018 (WiC 418)

How do you tell someone you care? In the West, one way is a gift of flowers, an act said to have been encouraged by the American Florists Telegraph Delivery Group which coined the expression “say it with flowers” a century ago. In China ...

Legend goes to Luxembourg

Chinese conglomerate completes European bank deal
Jul 20, 2018 (WiC 418)

Legend Holdings has a reputation for leading the pack in market-leading acquisitions and the group has been at it again with the acquisition of Luxembourg’s oldest private bank, Banque Internationale a Luxembourg (BIL). To date, Legend’s ...

Renaissance man

The investment firm behind a herd of China’s unicorns heads for an IPO
Jul 6, 2018 (WiC 416)

Private equity firms usually prefer to operate behind the scenes. So it was a surprise when Blackstone Group, one of the sector’s most influential players, put itself in the spotlight by going public in May 2007. The $4 billion initial ...

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