Everywhere, rich people try to figure out how to protect their wealth, if not grow it. In the case of wealthy Chinese, the decision often comes down to a choice between keeping their money at home and ...More
EJ Insight2014-06-26
The People's Bank of China (PBoC) has rejected market talk that the so-called targeted reduction in the reserve requirement ratio (RRR) is being widened, Economic Information Daily reported Tuesday. " ...More
EJ Insight2014-06-17
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
In Hong Kong, a city obsessed with money and stocks, a good number is all that matters -- whether it's a car plate or a mobile number or a share code. Everyone wants a lucky number, but not everyone c ...More
EJ Insight2014-06-16
A total of 391 million credit cards had been issued in China as of end-2013, up 18 percent year on year and translating to 0.29 card for every person on the mainland, NetEase Finance said in its 2014 ...More
EJ Insight2014-06-05
Beijing will step up anti-graft investigation into five major state-owned conglomerates in Hong Kong, Sina.com reported Friday, citing Yu Liming, vice president of China Merchants Group. Wang Qishan, ...More
EJ Insight2014-05-09
Mainland and offshore firms have made reasonable offers to buy Hong Kong-based Shanghai Commercial Bank (SCB) but the deals hit technical snags because the lender's parent is based in Taiwan, the bank ...More
EJ Insight2014-04-30
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
Fu Yuning was appointed chairman of China Resources (Holdings) Ltd. on Wednesday, replacing Song Lin who is under investigation for alleged graft, the company said in statement on its website. Fu, 57, ...More
EJ Insight2014-04-23
Hong Kong's benchmark Hang Seng Index (HSI) tumbled over 360 points on Tuesday as investors worried the mainland economy is slowing faster than expected. China will release its first-quarter gross dom ...More
EJ Insight2014-04-15
United Photovoltaics (00686.HK) booked a staggering HK$2.3 billion (US$370 million) loss last year due to heavy impairment charges. But all is not lost, it insists -- the firm is looking to make a bre ...More
EJ Insight2014-04-03
Hong Kong's benchmark Hang Seng Index (HSI) was cheered by comments overnight by US Federal Reserve chairwoman Janet Yellen, who made it clear that the Fed will persist with its quantitative easing po ...More
EJ Insight2014-04-01
China Merchants Holdings (International) Co. Ltd. (00144.HK) said in a regulatory filing Monday that it plans to publicly issue mandatory convertible securities to raise up to HK$15.42 billion (US$1.9 ...More
EJ Insight2014-04-01
Following is a summary of major news and comments in the Hong Kong Economic Journal, the parent publication of EJ Insight, on Tuesday, April 1: TOP STORIES China Merchants Holdings seeks to raise HK$1 ...More
EJ Insight2014-04-01
Ctrip will stop saving users' credit card verification (CCV) information online after system loopholes were discovered on the travel website that led to the leak of user information, Shanghai Daily re ...More
EJ Insight2014-03-26
Hong Kong stocks climbed higher Monday as the market celebrated news that Chinese regulators will allow certain companies to issue preferred shares. The benchmark Hang Seng Index gained 1.91 percent t ...More
EJ Insight2014-03-24
China Merchants Bank Co. Ltd. (03968.HK, 600036.CN) is launching credit asset-backed securities products estimated to be worth 15.39 billion yuan (US$2.47 billion), China Business News reported Friday ...More
EJ Insight2014-03-21
The People's Bank of China set the renminbi's daily midpoint against the US dollar at 6.1460 on Thursday, 109 pips weaker than the 6.1351 fixing on Wednesday, according to the China Foreign Exchange T ...More
EJ Insight2014-03-20
Peer-to-peer (P2P) online lending is an increasingly popular form of financing and investment and there's no shortage of players trying to get into the act, according to the Hong Kong Economic Journal ...More
EJ Insight2014-03-11
Hong Kong's benchmark Hang Seng Index (HSI) tumbled nearly 400 points, while mainland stock markets also slumped, after the latest economic figures indicated that China's economy may be slowing at a f ...More
EJ Insight2014-03-10
