• Saturday
  • October 25, 2014
  • Last updated: 1:54pm
Hong Kong




Search Results

Results 1 - 10 of 3779 for bank deposits

Related topics matching your search

Search results

  1. 'Heritage' mansion perfect for a dim sum tourist hang-out

    Posted Sep 05th 2010, 12:00am by Jake Van Der Kamp

    ... depositors. If the bank in which they make their deposits goes bust they will still be the first to get their money back, after wages and taxes are paid, but they will not be guaranteed full payment ... They nationalise one side of that balance sheet by guaranteeing deposits. The depositors then don't really care in which bank they place their deposits. These deposits are safe. All they look ...

  2. Bank deposit guarantee rises to HK$500,000

    Posted Apr 10th 2010, 12:00am by Dennis Eng

    ... Dennis Eng Bank deposit protection will be raised to HK$500,000 per person per bank by January next year- although any worsening in the economy later in the year could scupper ... move spurred by the global financial crisis. It is understood that the government does not want to continue guaranteeing deposits for fear banks will take more risks knowing deposits are fully ...

  3. Casino revenues soar as mainland bank deposit rates turn negative

    Posted Nov 02nd 2010, 12:00am by Staff Reporter

    ... Neil Gough Baccarat tables appear to be offering a more attractive bet than the mainland's negative bank deposit rates, as high-rolling gamblers pushed Macau's casino revenues ... of a reasonable return on 'investment'. But real interest rates on mainland bank deposits, after adjusting for consumer price inflation, have been negative since February. Beijing last month ...

  4. Central bank lifts deposit, loan rates

    Posted Oct 20th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing The mainland's central bank yesterday raised benchmark deposit and lending interest rates for the first time in more than 33 months as it moved to dampen inflation. The People's Bank of China announced one-year deposit rate would increase to 2.5 per cent from 2.25 per cent, and the lending rate to 5.56 per cent from 5.31 per cent, effective from ...

  5. Time running out for deposit guarantee

    Posted Aug 10th 2010, 12:00am by Dennis Eng

    ... Dennis Eng Those who put their savings in banks are being reminded that a temporary government guarantee of all deposits will end on December 31. From the beginning of next year, the city's deposit insurance scheme will cover up to HK$500,000 per person per bank, five times the amount covered before the government launched its blanket guarantee in the face of the global ...

  6. HKMA ensures yuan deposits meet needs

    Posted Dec 24th 2010, 12:00am by Amanda Lee

    ... Amanda Lee Hong Kong had a total of 279.6 billion yuan in deposits as of November 30 as the Hong Kong Monetary Authority moved to secure the city's position as an offshore market for the mainland currency. HKMA chief executive Norman Chan Tak-lam said the pool of yuan-denominated assets in Hong Kong was now large enough to meet local demand for the currency. 'Our deposit base ...

  7. Deposit rates to rise in inflation fight

    Posted Nov 23rd 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing With mainland banks now required to maintain a record-high level of deposits on reserve- 18 per cent for the Big Four lenders and 16 per cent for the rest- can an increase in deposit and lending rates be far behind? In an inflation-fighting move to curb credit growth, the central bank announced an increase of 50 basis points in banks' reserve ...

  8. Deposit scheme leaves lenders further in debt

    Posted Sep 27th 2010, 12:00am by Staff Reporter

    ... attitude to being heavily indebted to banks is thanks to a product called Cun Di Dai in Chinese that allows home borrowers to make offsetting deposits with their bank that almost exempt them from ... they have an adequate funding 'cushion'. The lending spree conducted by banks last year led to a scramble for deposits to meet the regulatory guideline, hence the creation of the Cun Di ...

  9. Divert deposits to equities, adviser says

    Posted Dec 03rd 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai An adviser to the central bank suggested Beijing divert most of the country's massive banking deposits to develop the capital markets, giving the troubled stock ... could help avoid risks in the nation's financial system. 'It is necessary to develop the capital markets so that the deposits can be directed from banks,' he said. 'In ...

  10. Record surge in yuan deposits

    Posted Oct 01st 2010, 12:00am by Enoch Yiu

    ... many banks have launched yuan investment products including deposits linked with derivatives, bonds, funds and certificates of deposits. At present, Hong Kong individuals can exchange other ... of all foreign currency deposits in the city. Legislator Chim Pui Chung, who represents the financial services sector, said yuan deposits were increasing as many banks have been offering yuan ...




SCMP.com Account