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  • November 24, 2014
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  1. Scheme protecting bank deposits to start

    Posted Sep 20th 2006, 12:00am by Enoch Yiu

    ... Maria Chan and Enoch Yiu A long-awaited scheme to protect people's bank deposits for up to HK$100,000 in each bank will finally come into force on Monday, the agency overseeing ... currency deposits, but not structured, secured, or term accounts with a maturity of more than five years. In the case of a bank collapse, the Hong Kong Deposit Protection Board overseeing ...

  2. This bank deposits trust

    Posted Oct 31st 2006, 12:00am by Laurence Brahm

    ... of Bangladesh's Grameen Bank, which pioneered a grass-roots credit model that lends money based on trust in people. Professor Yunus has put a new spin on humanism with his declaration: 'Credit ... in a reference to his bank's borrowers. 'When awarding it, they did not realise that the prize had been given to poor women who must struggle for their lives.' Professor Yunus returned ...

  3. Beijing mulls two-track plan for foreign banks

    Posted Jul 04th 2006, 12:00am by Staff Reporter

    ... Bei Hu Only locally incorporated operations to benefit from deposit insurance scheme China is considering a dual-track system to regulate foreign banks after the full opening of its ... that incorporate in the mainland as legal entities would be eligible for the protection of the deposit insurance scheme, said Liu Mingkang, chairman of the China Banking Regulatory Commission. Until now, ...

  4. Hong Kong banks cut lending, deposit rates

    Posted Nov 08th 2006, 12:00am by Staff Reporter

    ... mortgage lenders. At least 15 banks, also including DBS Bank (HK), Wing Hang Bank, and Citibank, yesterday announced a reduction in the prime rate and savings deposit rate by the same margin. HSBC ... with that of HSBC and Bank of China (HK) while most rivals reduced their prime rate to 8 per cent from 8.25 per cent. The savings deposit rates of most lenders stand at 2 per cent to 2.75 per cent ...

  5. Bankruptcy system on agenda for banks

    Posted Dec 15th 2006, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Beijing China's banking regulator plans to introduce a bankruptcy system for financial institutions at the same time it prepares the new national commercial ... and responsibilities of financial institutions' clients, creditors, government departments, regulators, the central bank and other affected parties,' China Banking Regulatory Commission Communist ...

  6. Deposit plan may launch in autumn

    Posted May 20th 2006, 12:00am by Andy Chen

    ... Maria Chan and Andy Cheng Banks play down likelihood of passing on costs of safety net for customers The government is to implement its deposit protection scheme, which guarantees ... they will have to pay a 0.08 per cent premium on insured deposits annually for the first five years of a fund and 0.01 per cent a year thereafter. Banks with higher levels of risk will be required ...

  7. Deposit gains lift Liu Chong Hing Bank

    Posted Aug 17th 2006, 12:00am by Staff Reporter

    ... Maria Chan Liu Chong Hing Bank, a family-run lender, said first-half net profit rose 30 per cent on increased deposits and interest income. Net profit for the six months to June rose ... branches and hiring more staff as it profits from the growing local economy and increased stock market activity that has pushed the Hang Seng Index up 17 per cent this year. The bank ...

  8. SHK sale of minibonds tops HK$8b in 4 years

    Posted Oct 03rd 2006, 12:00am by Staff Reporter

    ... levels. Such products usually generate a higher return than bank deposits when interest rates are low, but their appeal fades when interest rates rise. Sun Hung Kai's notes were credit-linked ... rates). 'In 2002, structured products were primarily for institutional investors and high-net-worth individuals from private banks due to their high minimum subscription amount,' said ...

  9. Asian reits attractive, says Calyon

    Posted Mar 14th 2006, 12:00am by Paggie Leung

    ... has the greatest potential because of the economic recovery, as well as the huge difference between the reits' distributable income and the bank deposit rates there,' Calyon's ... here.' For now, Japan is the place to be, with the reits' annual return of 3 per cent a far more attractive proposition than bank deposits with interest rates near zero per cent. Ms Li said ...

  10. Ministry placing some funds in term deposits

    Posted Nov 10th 2006, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Beijing China's Ministry of Finance could soon begin depositing treasury funds with commercial banks rather than the central bank as part of a structural reform ... dealers and underwriters of government bonds will be allowed to receive term deposits from the ministry, the central bank said. China has 42 qualified primary dealer banks, including all ...




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