• Sat
  • Dec 20, 2014
  • Updated: 5:50pm

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.

Civil lawsuits add to Everbright woes

The CSRC encouraged investors who lost money in Everbright Securities' trading error to bring civil lawsuits in seeking compensation. Photo: Xinhua

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

China Everbright Securities opens down 10pc after senior executives resign

Investors have punished shares of China’s Everbright Securities in early trade. Photo: Reuters

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 shares pay for trading mishaps

Everbright Securities in Beijing. Photo: AP

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

Everbright Bank says nepotism played no role in JPMorgan hire

US authorities have reportedly opened a probe into whether JPMorgan Chase hired the children of powerful Chinese officials to help it win business in China. Photo: AFP

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

Everbright Securities hit by another trading blunder in Shanghai

A trader at Everbright Securities mistakenly sold 10 million yuan worth of government bonds at a price much lower than the market average. Photo: AP

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

Everbright Bank IPO odds dented by trading mishaps, US regulator's probe

China Everbright Bank

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