• Wednesday
  • July 30, 2014
  • Last updated: 6:45pm
Hong Kong




Search Results

Results 1 - 10 of 5896 for bank deposits

Related topics matching your search

Search results

  1. A sense of security

    Posted Dec 18th 2008, 12:00am by Christine Loh

    ... be the equivalent of the government guaranteeing all bank deposits in Hong Kong: that was the right thing to do because it made people feel safe to leave their money in banks. In one stroke, the government removed the potential for panic. It did not actually have to spend a cent in giving the guarantee, but the move generated trust and stability in the banking system- just what was needed ...

  2. The gaping hole in HK's blanket deposit guarantee

    Posted Nov 13th 2008, 12:00am by Tom Holland

    ... with Tom Holland If you think your Hong Kong bank deposits are fully guaranteed under the blanket deposit protection scheme announced last month by Financial Secretary John Tsang Chun-wah, ... customer deposits' held in the city. Rattled by September's run on the Bank of East Asia and unnerved that the scheme had previously covered only combined deposits of up to HK$100,000 ...

  3. Bank deposit protection not the whole answer

    Posted Oct 06th 2008, 12:00am by Staff Reporter

    ... Deposit protection for Hong Kong bank customers followed the 1998 Asian financial crisis. No locally licensed banks failed then, though we might never know how close any came. The Hong Kong Monetary Authority backed the idea, but it so bitterly divided banks that it was not introduced until 2006. Now, just two years later, pressure is building to raise the cap on our deposit ...

  4. Mainland deposit insurance scheme expected to be launched next year

    Posted Nov 27th 2008, 12:00am by Staff Reporter

    ... Adam Chen and Jane Cai in Beijing A plan to insure bank deposits on the mainland has been submitted to the State Council and the scheme is expected to be launched next year, according to a central bank official. People's Bank of China research chief Zhang Jianhua told a conference in Beijing yesterday that the authorities started designing the deposit insurance scheme in 2003. ...

  5. Deposit protection may encourage banks to take more risks, academic warns

    Posted Oct 15th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu The use of the Exchange Fund to provide full deposit protection may generate moral hazards as it will give incentives for banks to take more risks in order to earn higher ... by a deposit insurer or other government bodies. However, a government source said central banks had reached a consensus that efforts were needed to shore up financial institutions at this time ...

  6. 100pc bank deposit insurance urged

    Posted Oct 14th 2008, 12:00am by Staff Reporter

    ... Ng Kang-chung Calls are mounting for better protection of private savings deposited in local banks to help restore public confidence in the banking system. Lawmaker Cyd Ho Sau-lan, ... In the Asia-Pacific region, Australia, New Zealand and Taiwan are offering blanket deposit protection for bank savers. 'The government should help boost confidence in the banking system,' Ms Ho ...

  7. HK guarantees all bank deposits

    Posted Oct 15th 2008, 12:00am by Staff Reporter

    ... Maria Chan Blanket protection for savers, recapitalisation fund set up to boost faith in city banks The Hong Kong government will guarantee all bank deposits for two years and provide more ... guarantee the deposits of all 28 local banks, amounting to about 228.4 billion patacas. Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong said the fact other governments had already ...

  8. Bank sued over HK$59m deposit

    Posted Sep 27th 2008, 12:00am by Staff Reporter

    ... Peter Brieger Well-known horse owner Eugene Chuang Yue-chien has sued Bank of East Asia to retrieve a HK$59 million deposit that he paid as collateral for a bank loan, according to a writ filed in the High Court this week. The collateral was no longer required under Mr Chuang's contract with the bank, but it had not promptly released the funds, the writ said. No other ...

  9. Banking on time deposits

    Posted Sep 23rd 2008, 12:00am by Staff Reporter

    ... deposit and withdraw is not cash, but time. Based on a concept first raised in the US in the 1980s, TimeBank is an innovative form of volunteerism based on the structure of a commercial bank. Bank ... to cope with chaos. But there will always be winners amid such despair- and Mashi Blech might be one of them. Ms Blech runs two bank branches in New York, with the first opening at the end of 2006 ...

  10. Banks for umbilical cord blood see deposits grow

    Posted Jul 29th 2008, 12:00am by Joyce Man

    ... Joyce Man Despite debate over whether umbilical cord stem cells can be used to treat diseases, Hong Kong's three storage banks are reporting high growth rates as parents opt ... using private cord blood banks from 5,800 to 9,500, figures provided by the banks show. Cord blood banks collect blood from a newborn's umbilical cord and store stem cells extracted from ...




SCMP.com Account