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Top 10 newsmakers who rocked China's stock market [China Daily: Hong Kong Edition](China Daily: Hong Kong Edition Via Acquire Media NewsEdge) China's stock market in 2013 underperformed many other markets in the world and has continued its bearish trend into 2014. However, while the market is still searching for direction, a look at some of the major players who greatly influenced the stock market in 2013 might give us more insight. No 10 Zhang Guoli Hongli Xingheng Company Limited, a company controlled by actor Zhuang Guoli, bought shares worth 152 million yuan ($24.7 million) of Huayi Brothersby Dec 5, 2013. Zhang also agreed that these shares would be locked up for three years. After Zhang's move, Huayi Brothers shares advanced for three days. Before tuning a shareholder of Huayi Brothers, Zhang acted in many films produced by this company. Zhang Guoli, an actor, makes a speech at a contract-signing ceremony held by Huayi Brothers on September 3, 2013. [Photo/IC] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience No 9 Chen Fashu Chen Fashu, chairman of Xinhuadu Group, signed a contract on Sept 10, 2009, to buy 65.81 million shares of Yunnan Baiyao Group Co Ltd, at a price of 2.2 billion yuan. Yunnan Baiyao is a Shenzhen-listed traditional Chinese medicine maker. Chen paid up 2.2 billion yuan to Hongta Tobacco(group)Co Ltd, the original owner of these shares, within five days after signing the contract, a deal that needed authority's approval. However, by December 2011, Chen did not get the shares he had paid for and that had appreciated a lot in value. He then sued Hongta Tobacco. Hongta Tobacco's supervising company China National Tobacco Corporation rejected the contract on Jan 17, 2012, claiming it was avoiding loss of State-owned assets. After losing the lawsuit in Feb 28, 2012, Chen appealed in February 2013. The lawsuit drew wide attention from media and legal sectors. Chen Fashu, chairman of Xinhuadu Group in Beijing, on April 15, 2010. [Photo/IC] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience Top 8 Cheng Dinghua On Feb 20, 2013, a recording of talks between Xu Xiang of private equity Zexi Investment and Cheng Dinghua, chief strategic analyst of Essence Securities, was leaked, trigging stock market fall on Feb 21. Cheng was famous in China for his predictions of stock market trends. Li Yong, vice president of Essence Securities, confirmed on Dec 18, 2013, that Cheng Dinghua had retired from his chief strategic analyst position and would no longer conduct strategic analysis at the brokerage. Cheng Dinghua, chief strategic analyst of Essence Securities, in Shanghai on June 26, 2007. [Photo/IC] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience Top 7 Ge Wenyao Shanghai Jahwa United Co Ltd, a cosmetic and household goods maker, announced on the night of Sept 22, 2013, that the company has agreed on its chairman Ge Wenyao's retirement application. Following this announcement, shares of Shanghai Jahwa fell by 10 percent, the daily fluctuation permit allowed, on Sept 23. Ge had served in the company for 28 years and was widely recognized as having played the most important role in the company's growth and expansion. He lost his controlling power due to equity structure changes. Ge Wenyao, chairman of cosmetic maker Shanghai Jahwa United Co Ltd in Shanghai, on Aug 6 2013. [Photo/IC] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience Top 6 Jack Ma Alibaba, China's e-commerce gaint founded by Jack Ma, expanded into logistics, Internet finance, social media sectors and so on in 2013. Alibaba's every investment stirred the stock market as related sectors rose sharply. Alibaba announced on Dec 9, 2013, that the company would invest HK$2.82 billion into Hong-Kong listed Haier Electronics Group Co Limited. Responding to this, shares of Shanghai-listed Qingdao Haier Company limited rose by 10 percent, the highest daily rising permit. Qingdao Haier was only one of the many companies boosted by Alibaba's investment. Alipay, a third-party payment platform, controlled by Jack Ma, rolled out Yu'e bao, China's first Internet wealth management product in June, 2013. Shares of Inner Mongolia Junzheng Company Limited, which held 36 percent of Tianhong Fund, which managed Yu'e bao, gained 91.48 percent in 2013. Jack Ma, founder of Alibaba Group.[Photo/IC] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience Top 5 Jia Yueting Jia Yueting founded Letv.com, a video website in 2004. In 2013, Letv.com shares held by Jia appreciated from 3.359 billion yuan to 18.978 billion yuan. Shares were boosted by super television sets rolled out by Letv.com and acquisitions of a film company and a new media firm at a total price of 1.6 billion yuan. Jia Yueting, founder of Letv.com, speaks during the launch ceremony for the ultra–high definition television, X50 Air, in Beijing, April 9 2014. [Photo/IC] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience Top 4 Meng Kai Meng Kai had been selling shares of XE Flavour,China's leading high-end restraint chain since January, 2013. The proceeds would be used to help the company turn profitable and to repay debts, according to filings to Shenzhen Stock Exchange. XE Flavor made a loss of 560 million yuan in the year 2013 mainly due to Chinese new leadership's frugality campaign. Meng Kai, chairman of XE Flavour, in Beijing on May 16, 2014. [Photo/CFP] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience Top 3 Ma Le In June, 2013, China Securities Regulatory Commission started to probe Ma Le, a funder manager of Bosera Funds, and finished related investigations in July. Ma was suspected of using non-disclosed information for trading. According to information disclosed by People's Procuratorate of Shenzhen, Ma gained nearly 20 million yuan through buying shares of 76 companies prior to or at the same time as the fund he managed bought these shares. Ma, who was born in the 1980s, was arrested and he might face up to 10 years in prison. Ma Le, a fund manager of Bosera Funds is arrested for possible illegal trading. [Photo/IC] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience Top 2 Xu Haoming China Everbright Securities Co, the country's fifth-largest brokerage by market value, said a "system error" occurred on Aug 16 morning at a time China's benchmark Shanghai Composite Index experienced an abnormal surge. The benchmark SCI gained by 5.6 percent in two minutes and trade volume also grew 80 percent more than the 30-day average. This event shocked the stock market and Everbright Securities was later fined 520 million yuan on August 30, 2013. Xu Haoming, president of Everbright Securities and three other persons in charge were then banned from the securities industry for life. Xu Haoming, president of China Everbright Securities Co, in Shanghai, August 18, 2009. [Photo/IC] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience Top 1 Xiao Gang Xiao Gang took the top position at China Securities Regulatory Commission on March 17, 2013. His any comment would draw wide attention. In 2013, he rolled out a series of reforms, including new share issuance reform, to improve China's stock market and better protect small investors. Xiao Gang, chairman of the China Securities Regulatory Commission, laughs at a sub-forum during the Boao Forum for Asia Annual Conference 2014 in Qionghai city, South China's Hainan province, April 10 2014. [Photo/IC] Top 10 oil giants by output in the worldBorder town traditions attract touristsA Personalized Movie Experience (c) 2014 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |