Banking & Finance
Banking & finance

Chinese billionaire tech banker Bao Fan reportedly missing, sending Renaissance shares tumbling

China Renaissance Holdings Limited’s shares plunged on February 17, 2023, after the investment bank said it could not reach its founder and chairman Bao Fan. Bao’s disappearance comes after authorities reportedly detained the firm’s former president, Cong Lin, for questioning in September 2022.

February 20, 2023
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Hundreds of retirees protested in the central Chinese city of Wuhan on February 15, 2023, after their individual healthcare insurance was cut by nearly two-thirds. It was the second protest of its...02:07
Healthcare insurance
Chinese retirees protest against medical benefit cuts
February 16, 2023
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Shan Weijian, executive chairman of PAG Asia Capital, led the team that scored the first and only takeover of a Chinese bank by a foreign fund in 2005. San Francisco-based Newbridge Capital turned...13:23
Banking & finance
Money Machine Part 2: When Mao’s former barefoot doctor helped a US fund buy a Chinese state bank
February 2, 2023
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Shan Weijian, executive chairman of PAG Asia Capital, led the team that scored the first and only takeover of a Chinese bank by a foreign fund in 2005. San Francisco-based Newbridge Capital turned...11:17
Money Matters
Money Machine Part 1: When Mao’s former barefoot doctor helped a US fund buy a Chinese state bank
February 2, 2023
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The Hong Kong Monetary Authority’s (HKMA) three-day Global Financial Leaders’ Investment Summit wrapped up on November 3, 2022. Many top bankers attending the event saw the gathering as a closing...01:53
Banking & finance
Hong Kong’s financial summit ends on an upbeat note
November 3, 2022
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Victims of what could be one of China’s worst financial scandals were surrounded by local police and beaten by a group of unidentified men during a protest on July 10, 2022, in central Henan...04:47
Banking & finance
Unidentified men attack protesters in China
July 11, 2022
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The past few years have not been smooth sailing for Asia’s biggest bank, but HSBC now faces one of its biggest dilemmas with pressure mounting from its largest shareholder, Ping An, to break up....05:25
HSBC
HSBC faces pressure to split up
May 18, 2022
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CZ Zhao, the founder and CEO of crypto-exchange Binance, says that changes the trading platform operator is making are being done to win the approval of regulators. In an interview with the SCMP,...14:59
Banking & finance
How Binance is navigating regulatory headwinds
September 15, 2021
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The price of bitcoin bounced back to around US$40,000 on May 20, 2021, one day after China announced new regulatory restrictions that sparked a massive meltdown in cryptocurrencies. The latest...02:27
Digital currencies
China cracks down on cryptocurrency
May 21, 2021
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Special purpose acquisition companies (SPACs) have been around in some form for decades, but started booming during the Covid-19 pandemic. And the SPAC boom has been sensational. The shell...03:34
Banking & finance
What are SPACs?
April 22, 2021
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The popularity of Chinese video-sharing platform Kuaishou is growing fast. The app made news on February 5, 2021, when its shares nearly tripled in its trading debut in Hong Kong. Here is some...02:01
Kuaishou
What is Kuaishou?
February 5, 2021
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HSBC’s iconic lion sculptures were returned to public view on October 22, 2020, for the first time in more than nine months. The statues, affectionately known as Stephen and Stitt, were partially...01:36
Banking & finance
HSBC’s lions repaired after vandalism
October 23, 2020
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Chinese fintech giant Ant Group won clearance from regulators on October 19, 2020, to begin marketing the Hong Kong tranche of its initial public offering (IPO). It was poised to secure approval...01:12
Ant Group
Ant Group poised for dual IPO listings
October 20, 2020
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Stock markets fell sharply on March 9, 2020, as Russia and Saudi Arabia disagreement on curbing oil production sparked fears of a price war and the worst one-day crash in crude prices in nearly 30...02:30
Stocks
Global markets plunge amid oil price crash and Covid-19 fears
March 10, 2020
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Ongoing anti-government protests have led to some speculation that Hong Kong could be forced to sever its peg to the US dollar, which has been in place since 1983.01:43
Hong Kong economy
What is the Hong Kong Dollar Peg?
December 9, 2019
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Budweiser Brewing Company APAC, the Asia-Pacific arm of the world's largest brewer Anheuser-Busch InBev, has revived its Hong Kong initial public offering and is seeking to raise US$4.8 billion in...01:06
China economy
Pop a cold one! Budweiser to raise US$4.8 billion in Hong Kong IPO
September 17, 2019
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The People’s Bank of China will distribute new banknotes and coins from August 30, 2019. ...01:11
China economy
China’s new cash
April 30, 2019
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Digital currencies
Chinese crypto wallet that drew US$35 billion gets IDG’s funding
June 1, 2018
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Bankers from Goldman Sachs and Morgan Stanley will be among about 300 industry heavyweights from around the world who will join the Hong Kong Monetary Authority (HKMA) next month for a summit on...09:07
Banking & finance
HKMA invites financial heavyweights to its 30th birthday bash
October 5, 2023
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China has seen a significant increase in the size and influence of its middle class, but an ageing population is set to hinder the nation’s growth. In the US, the size of the middle class fell from...15:52
China economy
Middle class in China and US fear losing status
September 22, 2023
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China’s southern metropolis of Shenzhen is the only mainland city where individuals can apply for bankruptcy, but it’s not easy since authorities reportedly frown on debt forgiveness. While debt is...11:04
China's economic recovery
Death and debt in China
September 18, 2023
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Tens of thousands of jobs are at risk following UBS’s US$3.25 billion rescue of Credit Suisse. The merger between the long-time Swiss rivals was brokered by the Swiss National Bank, the country’s...02:30
Banking & finance
Thousands of jobs at risk after UBS takeover of Credit Suisse
March 21, 2023