• Thu
  • Oct 2, 2014
  • Updated: 7:33am

China Everbright Bank

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, and China Everbright Bank. 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.

JPMorgan stops work on Chinese firm's US$1 billion IPO amid concerns over hiring

For the second time in three months, JPMorgan Chase has ceased working on a major Chinese initial public offering amid a US investigation into the Wall Street giant’s hiring practices.

Tuesday, 21 January, 2014, 4:49pm

China Everbright's not so bright on trading debut

Five new listings made their debuts on the Hong Kong stock exchange yesterday, with China Everbright Bank, the largest flotation of the year, performing the worst.

21 Dec 2013 - 1:47am

Everbright can meet China capital rules

China Everbright Bank, a Beijing-based lender making its third tilt at a Hong Kong flotation, says it will be able to meet more stringent mainland capital requirements within two years after raising fresh equity capital.

10 Dec 2013 - 2:39pm

Hong Kong listing a milestone for Everbright Bank chairman

The listing of China Everbright Bank in Hong Kong has a double significance for its chairman, Tang Shuangning. Tang, a former vice-chairman of the China Banking Regulatory Commission, will reach the official retirement age of 60 next year.

2 Dec 2013 - 5:19am

JPMorgan pulls out of China Everbright Bank's Hong Kong share sale

JPMorgan Chase has pulled out of a syndicate of banks working on China Everbright Bank's US$2 billion share sale in Hong Kong, two people familiar with the matter said.

20 Nov 2013 - 2:55am

Everbright talks signal year-end listing

China Everbright Bank, which received the go-ahead for a listing from the Hong Kong stock exchange late last month, held a meeting with its syndicate bankers in Beijing yesterday, two people familiar with the deal said, prompting speculation of a year-end listing that would raise up to US$4 billion.

14 Nov 2013 - 3:57am

Banks will not end connected hiring

Banks have no plans to change their policy of hiring so-called princelings or other well-connected people to help grow their business on the mainland or in other emerging markets - despite the shockwaves caused by news that United States regulators are investigating JP Morgan's hirings of the children of the elite in China.

16 Sep 2013 - 7:12am

Chinese firms in Hong Kong may be new paradises for 'princelings'

It's a season of change in Hong Kong. Change what? Quietly changing jobs for some important people. The US government announced last month that it would investigate JP Morgan's Hong Kong hiring practices relating to job offers for children of some important people on the mainland, and as a result, several such "important kids" working for other foreign banks are now seriously considering new jobs.

16 Sep 2013 - 7:20am 2 comments

JP Morgan Chase faces US probe for hiring Chinese princelings

JP Morgan Chase was caught in the spotlight yesterday after media reports suggested the bank hired sons and daughters of senior Chinese officials in the hope of winning deals from major state-owned enterprises.

The revelation of JP Morgan's hiring of the son of China Everbright Group's chairman and a former railway official's daughter comes at a sensitive time for Sino-US relations.

19 Aug 2013 - 3:51pm 18 comments

Everbright to double size of Hong Kong share sale

China Everbright Bank, which is preparing for its third official listing attempt, plans to double the size of its long-planned Hong Kong offering to up to US$4 billion by selling 12 billion shares.

5 Jun 2013 - 4:05am

Cash-strapped Chinese banks turn to Hong Kong

Mainland banks are reviving their listing plans to raise money in Hong Kong this year as Beijing continues to keep an indirect hold on onshore initial public offerings.

25 Apr 2013 - 5:38am

Signs of new life in I.P.O. market

Hong Kong's dismal listings market has shown signs of a nascent recovery with some municipal-level mainland lenders and brokerage houses signalling they will retry offerings amid improving sentiment.

5 Apr 2013 - 5:10am

Municipal bank IPOs beckon for local bourse

In 2001, Bank of China listed its Hong Kong operations on the local exchange, and it was good. Regulators then gave their blessing for the Hong Kong listings of Bank of Communications, China Construction Bank, ICBC and Agricultural Bank of China, and investors rejoiced. It was a great 10-year run, in which Beijing bestowed on the local market giant IPOs that made investors a lot of money.

4 Mar 2013 - 4:08am

Bank of Shanghai, China Everbright plan to go public in Hong Kong

Boosted by a recovery in valuations among listed mainland banks since early September, the share offers could go ahead as soon as the second quarter, say people familiar with the plans.

21 Feb 2013 - 6:07am

Investment bankers target new year listings after a tough 2012

After a difficult year, investment bankers are already looking ahead to a brighter new year when a number of mainland banks are expected to list in Hong Kong.

7 Nov 2012 - 3:36am