Update on Chinese Bank Litigation Under The "New Normal"
In late February, Liu Tao, the deputy general manager of the legal department of China Construction Bank, Shenzhen branch provided an update on...
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4Q: Industrywide Bad-Debt Ratio Fell, While We Believe Credit Cycle Has Yet to Peak
China’s banking regulator, CBRC, released 2016 operating data for commercial banks, with net profit up 3.5% from 2015. Fourth-quarter earnings...
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Shengjing Bank (2066 HK): Minimum Acceptance Condition in Focus as Offer Opens
While the 21 October vote on the delisting proposal should pass, the satisfaction of the minimum acceptance condition (90% of independent H shares)...
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Shengjing Bank (2066 HK): Revised and Final Offer Remains Light
The revised terms signal push back from at least one key shareholder. The revised terms remain light, and there remains a risk around the 90%...
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Shengjing Bank (2066 HK): A Light Conditional VGO and Delisting Proposal
The offer is low-balled by most measures, and the satisfaction of the minimum acceptance condition is the key risk. There is a chance of a bump, as...
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