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Minsheng Bank
China Minsheng Bank () is a significant Chinese bank, founded in 1996 by lawyer and businessman Jing Shuping. It was the first bank to be established with an ownership base of private sector shareholders, as part of Chinese economic reform led by Premier Zhu Rongji. Minsheng Bank focuses on making loans to small-medium enterprise. It has over two hundred banking outlets throughout China and relationships with more than seven hundred banks overseas. The bank was Initial public offering, publicly listed on the Hong Kong Stock Exchange in 2009. History China Minsheng Bank was officially established on 12 January 1996, aiming to lend primarily to non-state-owned, high-tech, and large enterprises. Nonetheless, the strategy soon ran into difficulty with a 8.72% non-performing loan rate and 40% negative Return On Equity (ROE) in 1999. To overcome this initial turmoil, China Bank replaced its leadership in April 2000, even though Jing Shuping remained its chairman, and undertook additi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fuxingmen Inner Street
Fuxingmen Inner Street () is a major street in urban Beijing. It forms part of the extended Chang'an Avenue. It starts at Fuxingmen Bridge in the west, finishing at West Chang'an Avenue in the east. The Xidan commercial area is in the neighborhood of the street, flanked by other more modern buildings, such as the Beijing Times Square. The impressive building of the Bank of China also sits on this street, together with the People's Bank of China. Line 1 of the Beijing subway The Beijing Subway is the rapid transit system of Beijing Direct-controlled municipality, Municipality that consists of 29 lines including 24 rapid transit lines, two airport rail links, one maglev line and two light rail, light rail tram line ... runs along this route. {{Roads and Expressways of Beijing, state=collapsed Streets in Beijing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds". Deposits placed wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
H Shares
H shares () refer to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange. Many companies float their shares simultaneously on the Hong Kong market and one of the two mainland Chinese stock exchanges in Shanghai or Shenzhen, they are known as A+H companies. H shares are also held by a nominee service company "HKSCC Nominees Limited" (HKSCC for Hong Kong Securities Clearing Company), which was owned by Hong Kong Exchanges and Clearing. Price discrepancies between the H shares and the A share counterparts of the same company are not uncommon. A shares generally trade at a premium to H shares as the People's Republic of China government restricts mainland Chinese people from investing abroad and foreigners from investing in the A-share markets in mainland China. Tsingtao Brewery was the first enterprise to offer H-shares when it became the first Chinese firm listed on the Hong Kong Stock Exchange in June 1993. Index for H sha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1996
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Beijing
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of China
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Listed On The Hong Kong Stock Exchange
This is a list of companies on the Hong Kong Stock Exchange (HKEx), ordered numerically by stock code. The names of the companies appear exactly as they do on the stock exchange listing. This is not an exhaustive list, but reflects the list that appears on HKEx's ''Hyperlink Directory''. An exhaustive but un-linked list appears below the partial list. 0001 - 0099 0100 - 0198 0200 - 0299 0300 - 0395 0402 - 0498 0500 - 0599 0601 - 0699 0700 - 0778 0800 - 0897 0900 - 0999 1001 - 1099 1100 - 1199 1200–1999 2000–2299 2300 - 2398 2400 - 2599 2600–2799 ETF funds 2866–2899 3000–3999 4000–4999 NASDAQ Shares 6000 - 6200 6200 - 6800 6800 - 6899 8000 – 8999 9000 – 9999 References {{reflist Stock Exchange Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies In The FTSE China A50 Index
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Minsheng Bank
China Minsheng Bank () is a significant Chinese bank, founded in 1996 by lawyer and businessman Jing Shuping. It was the first bank to be established with an ownership base of private sector shareholders, as part of Chinese economic reform led by Premier Zhu Rongji. Minsheng Bank focuses on making loans to small-medium enterprise. It has over two hundred banking outlets throughout China and relationships with more than seven hundred banks overseas. The bank was publicly listed on the Hong Kong Stock Exchange in 2009. History China Minsheng Bank was officially established on 12 January 1996, aiming to lend primarily to non-state-owned, high-tech, and large enterprises. Nonetheless, the strategy soon ran into difficulty with a 8.72% non-performing loan rate and 40% negative Return On Equity (ROE) in 1999. To overcome this initial turmoil, China Bank replaced its leadership in April 2000, even though Jing Shuping remained its chairman, and undertook additional organisational chan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liu Yonghao
Liu Yonghao (; born 1952) is a businessman in agribusiness in China. He is the founder and chairman of New Hope, the biggest animal feed producer in China. He is also involved in banking. As of 2019, He was ranked the 19th richest in China by ''Forbes'' in China. Early life Liu Yonghao started his career teaching at a technical school. He and his three brothers quit their jobs in the government in 1982 to invest in breeding quails and chickens to sell to farmers in Sichuan province. In 1992, Liu and his brothers entered the animal feed business and founded the Hope Group. By 2010, it was the largest animal feed group in China. Career He helped established the China Minsheng Bank, and in 2011 he owned 7 per cent of that bank's shares. In 2011, Liu was vice-chairman of China Minsheng Bank and chairman of the New Hope Group. That year, the 2010 Forbes list of the 400 Chinese ranked him at Number 21, with his wealth estimated at $3 billion. In the same year, he told the ''Fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
