Company Index
Shengjing Bank
Shengjing Bank
NEWS
Questions were raised about Tang’s oversight responsibilities after he helped Evergrande gain control of Shengjing Bank
Apr.5 2024 05:14 AM
- Financial consumers are attracted to the guaranteed returns of insurance products, despite the increasing risks and moral hazards in the financial market due to problematic insurance companies. The restructuring of Yi'an Property Insurance, part of the "Tomorrow Group," highlights these issues but also shows that its risk and difficulty in resolution were relatively minor compared to other troubled insurers with much larger deficits.
- The Chinese insurance industry faces challenges such as a growing amount of high-risk assets estimated at least 600 billion yuan, pressure from interest rate spreads, and difficulties in disposing of risk assets amid economic downturns. Regulatory bodies emphasize the importance of reforming small and medium-sized financial institutions and establishing a normalized mechanism for handling financial risks.
- Suggestions for addressing the challenges include conducting industry-wide stress tests, revising rules for setting aside liability reserves, enhancing investment returns for insurers, and differentiating between protective and investment-oriented insurance products. Effective governance and accountability for shareholders and management are crucial for preventing mismanagement within insurance companies.
Mar.16 2024 13:44 PM
Funds from auctioning off 14.57% stake go to pay off debt and bring down the curtain on a controversial investment
Sep.8 2022 04:46 AM
The struggling developer plans to use proceeds to repay debt owed to Shengjing Bank
Sep.29 2021 21:45 PM
Shengjing Bank’s biggest shareholder is Evergrande, and authorities are probing $15.5 billion of transactions between the property giant and the regional bank
Sep.23 2021 06:09 AM
Close ties to debt-ridden Evergrande raise risks for Shengjing Bank as Lianhe Credit Rating cites increases in nonperforming loans
Aug.3 2021 04:07 AM
Company’s shares gained 2.4% in Hong Kong trading after the announcement of repurchase, but analysts say the volatility in the stock price is unlikely to ebb
Jun.8 2021 16:02 PM
Hong Kong property developer books $153 million gain as shares in mainland firm triple in first half
Aug.22 2017 16:12 PM
- Jun 16, 2025 02:54 PM
- Jun 16, 2025 02:53 PM
- Jun 16, 2025 02:52 PM
MOST POPULAR
- 1Cover Story: Why Modi Won’t Play Cowboys and Indians With Trump, Opting Instead for Strategic Autonomy
- 2Chinese Ex-Employee of U.S. Hedge Fund Two Sigma Faces Fraud Charges
- 3Intel Names New China Chief Amid Business Transition and Market Shifts
- 4China Doubles Down on Policy Drive to Boost Service Spending
- 5XPeng Partners With Magna to Build EVs in Europe
Sign in with Google
Sign in with Facebook
Sign in with 财新