Banking & Finance « Week In China - Part 36

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Banking & Finance

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Bawang’s listing is massively oversubscribed. Is IPO fever back?
Jul 3, 2009 (WiC 22)

Recession creates worry, which can beget bald patches. So perhaps it should come as no surprise that the hottest initial public offering on the Hong Kong stockmarket so far this year is for a firm that is famous for preventing hair ...

Insurance giant, Ping An’s Rmb22 billion ($3.2 billion) deal to buy a 30% stake in Shenzhen Development Bank (SDB) stirs…
Jun 26, 2009 (WiC 21)

Did Ping An overpay? The Chinese media, quoting extensively from research analysts, seems to think that Ping An is overpaying – which is why the insurer’s stock fell 14% after the deal’s announcement. At Rmb18.26 per ...

A successful IPO and a bid for Hummer. Not bad for two weeks’ work…
Jun 19, 2009 (WiC 20)

It is the second biggest IPO in Hong Kong this year. But the size of Lumena’s $149 million offering – which began trading this week – is less interesting than the man behind the company. That’s because he’s the same billionaire who ...

Banks are finally being allowed to buy equity stakes in insurers
Jun 12, 2009 (WiC 19)

There are not too many areas in which China’s economy lags behind India’s. If quizzed, most people would immediately identify ‘software and outsourcing’ as industries where China lags. But they might find it tough to progress their list ...

Chinese banks experiment with loans collateralised by patents
Jun 5, 2009 (WiC 18)

The year 1421 was more seminal to the course of world history than most people think. It was a year in which China launched the greatest navy that had ever been. Author Gavin Menzies reckons Admiral Zheng He’s fleet reached America and ...

Yang Yanming makes history as first stockbroker to get the death sentence
May 22, 2009 (WiC 16)

There must be some Americans who have wondered whether Bernard Madoff deserved the death penalty. What is almost certain is that if he was Chinese, he would have got it. That is not conjecture: the Beijing Municipal Higher People’s Court ...

Underground lending is growing fast. Should it be legalised?
May 15, 2009 (WiC 15)

The London Interbank Offered Rate recently fell below 1%, but if you are a cash-strapped entrepreneur in China you could find your own borrowing rate is more like 180% per annum. Of course, that is not an official rate. Indeed, in the absence ...

China’s big banks are lending like there’s no tomorrow
May 8, 2009 (WiC 14)

How do you make a grown man cry? Make him watch Marley & Me, perhaps? Or in the case of Wang Jian tell him he can lend you the money to build a bridge. Wang told Southern Weeked that he indeed did shed tears – of joy – when his ...

Bank loans are now at Alibaba’s command
Apr 30, 2009 (WiC 13)

China’s banks lent $671.6 billion in the first quarter of this year. The problem is that hardly any of this money went to small and medium-sized enterprises (SMEs). SMEs represent the lifeblood of an economy. They are typically the most ...

Zhongwang may revive the Hong Kong market for Chinese listings
Apr 24, 2009 (WiC 12)

In times like these, an IPO needs all the help it can get. Little wonder then that Zhongwang – an aluminium firm – has calibrated its price range so that if it prices at the top, Hong Kong’s retail investors will get a board lot for ...

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