Company Overview and News

Stop missing out on important events!

Fintel provides real time notifications of important company events such as major investments (13D/G filings), insider trades (SEC form 4), and important SEC filings. Sign up and create your company alerts for free.

Headline News

China frees up cash for banks ahead of Lunar New Year

2017-12-29 in.reuters
SHANGHAI (Reuters) - China’s central bank said it will let some commercial banks temporarily keep fewer required reserves to help them cope with the heavy demand for cash ahead of the Lunar New Year holiday, a step that analysts say does not signal any policy shift.

Chinese Banks Find a Convertible Solution to Capital Problem - WSJ

2017-11-16 wsj
Chinese banks desperate to clean up their books have come up with a new trick to raise much-needed equity.

China Finance Online Co.'s (JRJC) CEO Zhiwei Zhao on Q3 2017 Results - Earnings Call Transcript

2017-11-15 seekingalpha
Ladies and gentlemen, thank you for standing by, and welcome to the China Finance Online 2017 Q3 Earnings Conference Call. At this time all participants are in a listen only mode. Operator Instructions] I must advise you that this conference is being recorded today, Wednesday, the 14 of November 2017 -- excuse me, Wednesday, the 15 of November 2017. (1-0)

Huaxia Life expands holding in China Minsheng Bank to 4.13pc

2017-11-12 scmp
Huaxia Life Insurance, controlled by troubled mainland tycoon Xiao Jianhua, has increased its stake in China Minsheng Banking Corp, it said in a filing to the Hong Kong stock exchange.

China's July new loans fall to 8-month low as curbs bite

2017-08-15 in.reuters
BEIJING (Reuters) - China's new loans in July fell to their lowest in 8 months due to property curbs that have cooled mortgage lending and seasonal effects, reinforcing views economic activity will slow in the second half.

Swatch updates mobile-payment watches for China, linking with UnionPay to keep sales ticking

2017-07-20 scmp
Swatch Group, which claims to be the world’s largest watch maker, has launched the second generation of its chip-embedded devices that can be used for mobile payments in China, after teaming with UnionPay to offer “Swatch Pay”.

China’s 28tr yuan of wealth management products under mounting stress in second half, analysts say

2017-07-12 scmp
Rules intended to clamp down on shadow banking are likely to result in rising defaults among wealth management products, raising concerns whether banks will guarantee the investments

Birth of the First Tailor-Made Shared Bike - Coolqi Bike Prepares to Overtake the Competition

2017-06-14 prnewswire
BEIJING, June 14, 2017 /PRNewswire/ -- Several days previously, Coolqi Bike - hailed as a titan of innovative technology - held a launch event at Peking University entitled "Redefining the Future of Travel", where it unveiled the Gold Edition of its unmistakable smart shared bikes. Though not the originator of shared bikes, Coolqi Bike (which was founded in 2016) is constantly surpassing its predecessors, and the launch of the Gold Edition marks its pioneering entry into the smart era.

China’s banking sector is facing new headwinds as asset growth cools

2017-05-28 scmp
For the past few years, Chinese banks boosted their assets at a rapid clip, mainly by disguising loans as investments. But as the expansion has slowed considerably in recent months, industry insiders are beginning to flag concerns.

Deposits seen as key factor as Chinese banks’ results diverge

2017-05-07 scmp
Big four and China Merchants Bank did well in the first quarter, while other mid-sized banks saw margins shrink

Anbang Insurance to sue leading Chinese financial magazine Caixin

2017-04-30 scmp
Insurance conglomerate Anbang has said it will take legal action against Chinese financial magazine Caixin and its editor-in-chief, Hu Shuli.

The Sinocism China Newsletter 04.19.17-Guo Wengui Interview: RThe Sinocism China Newsletter 04.19.17-Guo Wengui Interview: Reality Trumps Propaganda Over Corruption Crackdowneality Collides With Propaganda Over Corruption Crackdown | Sinocism China Newsletter

2017-04-19 sinocism
“In The Name Of The People 人民的名义” is very entertaining and effective propaganda TV miniseries about corruption in the PRC. I have now watched through episode 36 and highly recommend it. In episode 36 a princeling and a provincial official’s mistress flee to Hong Kong and take up residence at the “Three Seasons Hotel”, an obvious reference to the PRC moguls trying to ride out possible storms at Hong Kong’s Four Seasons Hotel.

China eases yuan outflow controls in sign of recovered confidence

2017-04-19 cnbc
China has taken a small step to relax its controls over yuan outflows, sources told the South China Morning Post, reflecting that Beijing is seeing a smaller risk of capital exodus and greater market confidence in the value of the yuan.

China’s Minsheng Bank sees investor trust vanish – along with 3b yuan

2017-04-19 cnbc
The disappearance of 3 billion yuan (US$436 million) from China Minsheng Bank's private banking accounts has once again highlighted Chinese banks' weak internal controls and the risks associated with the sale of so-called "innovative" wealth-management products on the mainland.

Minsheng Bank: Branch chief suspected of illegal conduct

2017-04-19 themalaymailonline
A woman walks past a branch of China Minsheng Bank in Shanghai February 5, 2015. — Reuters pic