Sorry, you have not enabled Javascript for your internet browser, so some of our website's pages may not render as fully as intended.
Please Click here for easy instructions on how to enable Javascript on your browser or consult your IT support staff for help.

News on Banking & Finance in China

1... 40 41 42 4344 45 46 47 48

Visa fears rise of credit card rival?
Dec 18, 2009 (WiC 43)

In Chinese culture four is the most unlucky of numbers. Its pronunciation in Mandarin, si, is almost identical to the word for death. Very few locals are prepared to live on the fourth floor of an apartment block. Level forty four is another ...

Fund managers nabbed
Dec 11, 2009 (WiC 42)

Every time former fund manager Tu Qiang entered his office at Invesco Great Wall in Shenzhen, he was subject to a series of security measures. He would have to hand over his mobile phone. His email and phone calls were monitored, and video ...

Capital punishment

After a lending binge, banks signal need for new equity
Dec 11, 2009 (WiC 42)

A Bank of China (BOC) announcement in late November that it was “actively studying” ways to top up its capital base seems to have spooked shareholders. Apart from confirming that the bank was going to make a cash call, the statement was ...

Have doubts, will discount

Grey market deals hint that ChiNext is overvalued
Dec 4, 2009 (WiC 41)

When trading started on China’s new growth enterprise board, the ChiNext, at the end of October, some investors couldn’t cash out soon enough. Take retail investor Joyce Chen. She had sold off all of her shares in Qingdao TGOOD Electric ...

A local shop for local people

Domestic private equity dominates the ChiNext. A model of things to come?
Nov 27, 2009 (WiC 40)

When an investor takes a stake in a start-up company, it probably doesn’t expect to have to wait 10 years until it can cash out. But that’s exactly what happened with Beijing Venture Capital (BVCC) and the Rmb7 million ($1.02 million) pre-IPO ...

Its early investments lost money, but CIC has revived its performance
Nov 27, 2009 (WiC 40)

"Be nice to countries that lend you money” was Gao Xiqing’s suggestion, in an interview in The Atlantic magazine late last year. Gao, a former Wall Street lawyer and Hong Kong investment banker, serves as the de facto number two at ...

Taking off the subs

Bank regulator closes door on subordinated debt
Nov 20, 2009 (WiC 39)

Among the more incredible remarks made in the rather incredible year of 2008 was the John Thain quip: “Right now we believe that we are in a very comfortable spot in terms of our capital.” It quickly became evident to the (then) Merrill ...

China’s “most special bank”

Proceeds from Hong Kong listing could benefit Chinese SME
Nov 13, 2009 (WiC 38)

Dong Wenbiao may be hoping it’s a case of third time lucky. Minsheng Bank’s chairman has tried to list the financial firm in Hong Kong on two prior occasions. The first attempt was postponed in 2004. The second was pulled in 2005 as ...

How 28 IPOs got suspended

New “Nasdaq-style” stock exchange in rollercoaster opening
Nov 6, 2009 (WiC 37)

Feng Xiaogang is China’s most successful movie director. Thanks to ChiNext’s he’s also the richest too. Feng owns 2.3% of Huayi Brothers, the film studio that listed last Friday on ChiNext – China’s new stock exchange. On its opening ...

A serious headache

Regulator attacks corporate governance violations at top Chinese firm
Oct 30, 2009 (WiC 36)

Wuliangye markets itself as the “quintessence of the heaven, the earth and the human”. Post-quintessence, it can also produce the mother of all hangovers. Any Western business executive who has done business in Sichuan province will be ...

1... 40 41 42 4344 45 46 47 48