The People's Bank of China (PBoC) last week cut banks' reserve requirement ratio (RRR) by 50 basis points, a move that came as a surprise for some market participants. The decision does make sense gi ...More
EJ Insight2015-02-09
Anbang Insurance Group Co. Ltd. racked up a 22 percent stake in Minsheng Banking Corp. Ltd. (01988.HK, 600016.CN) in a series of offshore deals last year, the Hong Kong Economic Journal reported Wedne ...More
EJ Insight2015-02-04
China Minsheng Banking Corporation's (01988.HK) former chairman Dong Wenbiao is said to be under an anti-graft investigation from the Chinese Communist Party's disciplinary watchdog. Dong would face s ...More
EJ Insight2015-02-03
China Minsheng Banking Corp. Ltd. (01988.HK) president Mao Xiaofeng resigned over the weekend for personal reasons, sparking speculation he is under investigation for corruption, the Hong Kong Economi ...More
EJ Insight2015-02-02
Non-government organizations (NGOs) in Hong Kong that operate in mainland China are watching with anxiety a new law that will regulate the sector and may force them to stop funding some of their clien ...More
EJ Insight2015-01-07
China's central bank is likely to cut interest rates and the reserve requirement ratio (RRR) for commercial banks across the board to boost liquidity in the coming year, China International Capital Co ...More
EJ Insight2014-12-18
Illegal structures have been found in the Bank of America Tower in Hong Kong's central business district, posing a fire safety hazard. The Buildings Department has ordered the bank to remove the struc ...More
EJ Insight2014-12-18
Chinese smartphone maker Xiaomi Inc. may find it difficult to sustain its growth pace going forward after making rapid strides in its first few years, according to an industry observer. "It is poss ...More
EJ Insight2014-11-26
Bottom line: Minsheng Bank's new stock incentive plan and ICBC's Mexico expansion reflect moves to make China's banking sector more market-oriented, providing potential upside for the lenders' underva ...More
EJ Insight2014-11-11
China's move to allow the establishment of private banks is the most important development in the country's financial sector, if not the whole economic field, so far this year. The landmark decision w ...More
EJ Insight2014-07-31
Tencent's ship came in last Friday. That was the day China gave the go-ahead for three private banks, including tech giant Tencent’s Webank. Banking on Tencent’s edge, Webank will focus on internet-ba ...More
EJ Insight2014-07-28
China’s first generation of entrepreneurs is approaching retirement age. Hurun Report, a wealth and market research firm, estimated in a report last year that the nation’s high net worth individuals w ...More
EJ Insight2014-07-18
The central bank's targeted cuts on the reserve requirement ratio may be extended to other areas besides the rural sector, First Financial Daily reported Tuesday, citing Guo Tianyong, the director of ...More
EJ Insight2014-07-08
Smaller commercial banks such as China Minsheng Bank Co., China Merchants Bank Co. and Industrial Bank Co. are covered by a 50-basis-point cut in the reserve requirement announced recently by the cent ...More
EJ Insight2014-06-16
Following reports last month of the imminent formation of a major new private-equity investor, there is now news that the company, China Minsheng Investment, has completed formal registration and is g ...More
EJ Insight2014-05-20
It's an acknowledged fact that a slower economy and narrowed loan-deposit rate spreads have put an end to the era of easy profits at China's banks, particularly at joint-stock commercial lenders. Yet ...More
EJ Insight2014-04-29
At first glance it looks just like what hundreds of millions of Chinese e-shoppers do everyday: you go to a cyber store and choose the items you want to buy, add them to your cart, check out on the pa ...More
EJ Insight2014-03-03
Hong Kong shares closed higher on Wednesday, taking the cue from mainland peers and other overseas stock markets. The benchmark Hang Sang Index added 76 points or 0.34 percent to finish at 22,664 poin ...More
EJ Insight2014-02-19
No doubt it was a remarkable feat. Chinese property titan Vanke (000002.CN, 200002.CN), the world’s largest of its kind, sold 171 billion yuan (US$28.25 billion) worth of homes in 2013, up 21 percent ...More
EJ Insight2014-02-04
The document released last week after the Chinese Communist Party's central committee plenum suggests two things. The one is that opposition to financial reforms remains huge. The other is that top po ...More
EJ Insight2013-11-21
