China Everbright

China Everbright Group is a state-run financial conglomerate. Its operations include China Everbright Ltd, which listed in Hong Kong in 1997 with the stock code 165. Another unit, brokerage China Everbright Securities, was penalised in August 2013 after a trading glitch caused a spike of more than 5 per cent in China’s stock indexes on August 16.

Everbright executive sues CSRC over punishment

The former head of a trading unit at Everbright Securities has filed a lawsuit against the China Securities Regulatory Commission to contest punishment he received for insider trading last year.

The former head of a trading unit at mainland brokerage Everbright Securities has filed a lawsuit against the China Securities Regulatory Commission to contest punishment he received for insider trading last year.

Saturday, 15 February, 2014, 4:40am

Directors' buying activity remains strong as selling dips

Financial services provider China Everbright recorded its first buy-backs since October 2011, with 462,000 shares bought on September 3 and 4 at an average of HK$9.93 each.

Buying of their own company shares by directors rose for a fourth week in the first week of the month, with 39 companies reporting 150 purchases worth HK$140 million based on filings to the stock exchange.

9 Sep 2013 - 3:44am

China Everbright Securities reports Aug losses of HK$662 mln from trading scandal

An investor drinks in front of an electronic board showing stock information at a brokerage house in Hefei. Photo: Reuters

China Everbright Securities incurred net losses of 523.1 million yuan (HK$662 million) in August as a result of a glitch in its trading system that prompted record fines from the regulators, the brokerage said in a notice posted late on Friday.

Everbright said its figures were based on preliminary data

7 Sep 2013 - 10:37am

Everbright Securities hit with record fine for trading error

Four Everbright executives, including the firm's president, are barred from the stock market for life as a result of the trades. Photo: AP

The mainland securities regulator fined state-controlled broker Everbright Securities a record 523 million yuan (HK$663 million) for a trading error that caused chaos on the Shanghai stock exchange two weeks ago.

31 Aug 2013 - 4:16am

Trading in shares of China Everbright Securities suspended: exchange

China Everbright Securities has been in focus since a flurry of trades executed by the brokerage set off a massive but short-lived intraday spike on China’s main stock index earlier this month. Photo: Reuters

Trading in shares of China Everbright Securities was suspended on Friday pending an announcement, the Shanghai Stock Exchanges said on its website.

Everbright Securities official declined to comment, saying that the company would make an announcement later.

30 Aug 2013 - 11:43am

China Everbright first-half profit edges down to HK$737m

China Everbright, the Hong Kong investment arm of China Everbright Group (pictured), said its net interim profit fell 4 per cent to HK$737 million. Photo: Bloomberg

China Everbright, the Hong Kong investment arm of state-run financial conglomerate China Everbright Group, said yesterday it may make additional write-offs for a recent "fat finger" trading error by Everbright Securities after it reported a decline in first-half profit that it blamed partly on an undisclosed provision.

30 Aug 2013 - 3:30am

Chinese web users cynical over JP Morgan bribery probe

JPMorgan Chase is reportedly under scrutiny by the US Securities and Exchange Commission. Photo: Reuters

Chinese web users expressed cynicism on Monday about a reported US investigation into banking giant JP Morgan Chase over its hiring of influential officials’ children, with some calling the practice widespread and an “open secret”.

20 Aug 2013 - 1:05am 3 comments

Everbright Securities slapped with restrictions after trading fluke

A trading glitch in the computer systems of Chinese brokerage Everbright Securities caused mayhem in Friday morning trade. Photo: Reuters

China has slapped restrictions on the number of new stock index futures positions that Everbright Securities can build after a glitch in the brokerage’s systems caused a brief spike in the country’s stock indexes last week.

20 Aug 2013 - 4:32am