China Everbright Group
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.
Mainland brokerage Everbright Securities, hit last week by a record fine for a trading error, saw its share price plunge yesterday and faces further losses of as much as 2.7 billion yuan (HK$3.4 billion) as investors seek compensation.Tuesday, 3 September, 2013, 3:57am
Shares in China’s Everbright Securities opened down 10 per cent on Monday, the maximum permitted daily change, when trading resumed after the brokerage announced the resignation of two senior executives.
Trading in the shares was suspended on Friday pending announcements.2 Sep 2013 - 10:14am
China Everbright Securities shares plunged to their daily limit of 10 per cent yesterday following a trading error on Friday that cost it at least 200 million yuan (HK$251.5 million) in losses.21 Aug 2013 - 5:16am
China Everbright Bank’s decision to hire JPMorgan Chase to underwrite its initial public offering in Hong Kong was not linked to the US bank hiring the son of a high-level executive linked to the Chinese firm, a spokesman for the Chinese bank told state media.20 Aug 2013 - 11:12pm 2 comments
China Everbright Securities, already in hot water over an erroneous trade that caused the key mainland stock index to jump nearly 6 per cent on Friday, reported another glitch in bond trading yesterday.20 Aug 2013 - 5:42am
Clouds are gathering over China Everbright Bank's third attempt to list in Hong Kong amid investigations by regulators in mainland China and the United States.20 Aug 2013 - 4:35am