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  • November 26, 2014
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  1. JP Morgan upbeat on mainland banks

    Posted Jul 09th 2008, 12:00am by Tom Miller

    ... than 7 per cent. That would see deposit rates rise more quickly than loan rates, narrowing banks' interest spread- a major source of earnings. With this year's loan quotas restricting lenders' ability to accelerate lending to compensate for higher deposit costs, banks face a double squeeze on profit margins. 'There are certainly reasons to be concerned about the tightening ...

    http://www.scmp.com/article/644520/jp-morgan-upbeat-mainland-banks
  2. Mainland forex reserves rise least in 2 years

    Posted Jul 15th 2008, 12:00am by Tom Miller

    ... of the deposits in the banking system were forced to pay for these reserve requirement rises in foreign currency, which likely reduced headline foreign exchange reserve levels by US$40 billion to US$45 ... It was simply being masked by a government directive that now required banks to set aside higher reserves in US dollars, they said. The mainland's huge pot of foreign cash rose by US$126.6 billion ...

    http://www.scmp.com/article/645252/mainland-forex-reserves-rise-least-2-years
  3. BOC profit stung by global exposure

    Posted Aug 29th 2008, 12:00am by Tom Miller

    ... spreads with domestic margins expected to narrow in the second half. HSBC expects the central bank to raise term deposit rates by 27 basis points but leave loan rates unchanged, which will lop 6.5 ... Tom Miller in Beijing and Jane Cai Despite solid returns on lending and fee income, the 42.8pc rise in earnings lags rivals' Bank of China paid the price for its high exposure ...

    http://www.scmp.com/article/650697/boc-profit-stung-global-exposure
  4. World Bank urges yuan, rate rises

    Posted Jun 20th 2008, 12:00am by Tom Miller

    ... Tom Miller in Beijing Mainland told independent monetary policy will rebalance economy, control inflation The World Bank yesterday urged China to raise interest rates and speed appreciation of the yuan, dismissing Beijing's fears that it will exacerbate a surge of hot money flowing into the world's fourth-biggest economy. The bank said pursuing a 'more ...

    http://www.scmp.com/article/642216/world-bank-urges-yuan-rate-rises
  5. Mainland economic reforms put to the test

    Posted Jul 30th 2008, 12:00am by Tom Miller

    ... to raise output and cut prices; demanded that banks rein in lending and raise reserve deposit ratios to unprecedented heights; instructed mutual fund managers not to sell into a falling market; ... to use a market tool such as interest rates to stifle credit growth come unstuck in a country with an undeveloped money market and a nominal GDP growth of about 15 per cent. But crimping bank ...

    http://www.scmp.com/article/647102/mainland-economic-reforms-put-test

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