Chinese Coins Forum

Resources => Chinese Numismatic News, Articles, Books => Topic started by: flora79 on August 19, 2013, 02:00:35 AM

Title: panda coins for 30th anniversary of China Everbright Group
Post by: flora79 on August 19, 2013, 02:00:35 AM
The gold and silver coin set in commemoration of the 30th anniversary of the founding of China Everbright Group is released by the People’s Bank of China on Aug. 19th
1/4 oz gold coin mintage:10000
1 oz silver coin mintage:30000
details:
http://en.shyzgw.com/New.asp?id=2817
Title: Re: panda coins for 30th anniversary of China Everbright Group
Post by: saso12 on August 19, 2013, 11:27:57 AM
thx for info about this
Title: Re: panda coins for 30th anniversary of China Everbright Group
Post by: Mirkkanen on August 19, 2013, 01:27:24 PM
Who or what is the Everbright Group? I've never heard of them.  Thanks for the information.
Title: Re: panda coins for 30th anniversary of China Everbright Group
Post by: Hippanda on August 19, 2013, 09:58:22 PM
Seriously- one couldn't make this up-
"Ever Bright"?


China's (N)Everbright Brokerage 'Scapegoats' Rogue PC For Fat Finger, FUBARs Bond Sale

Everbright Securities - already banned from raising fresh funds due to ongoing investigations - has 'scapegoated' a system malfunction for its causing a 5.6% instantaneous spike in the Chinese stock market on Friday morning. However, while they assure investors that this was 'not' human error, the FT notes, analysts said the trading error was a sign of the industry’s shortcomings as it tried to shift from its old model of managing IPOs and retail sales towards more sophisticated operations such as ETFs, "they don't really have the talent pools or the systems to deal with this new, innovative type of business." However, it didn't take long for the brokerage to screw up yet again by apologizing Monday for 'mistakenly' selling 10Y Chinese government bonds at 25bps above market yields. But apart from that, Everbright seems tip-top, though one analyst familiar with the sector summed it up perfectly we suspect - "the whole system is still pretty incapable."

http://www.zerohedge.com/news/2013-08-19/chinas-neverbright-brokerage-scapegoats-rogue-pc-fat-finger-fubars-bond-sale
Title: Re: panda coins for 30th anniversary of China Everbright Group
Post by: BChung on August 19, 2013, 11:22:02 PM
I hope everbright goes bankrupt so this coin might actually be a winner.....
Title: Re: panda coins for 30th anniversary of China Everbright Group
Post by: Russ 736 on August 20, 2013, 07:38:11 PM
The same thought had occurred to me. Sort of like when an artist dies and his artwork goes up in value.

Russ