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  • November 26, 2014
  • Last updated: 9:44pm
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Results 1 - 8 of 8 for bank deposits

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  1. Key to bottom fishing lurking in the details

    Posted Oct 18th 2008, 12:00am by Shirley Yam

    ... Kong where one in every 20 adults is a millionaire. Many, among them professionals and senior managers, have seen their bank deposits swell, helped by the economic boom since 2003 ... There are signs that things are stabilising. Governments worldwide have promised the ultimate bailout with significant capital injections and deposit guarantees. Interbank rates are coming down. Bank ...

  2. Banks' panic will send businesses to the wall

    Posted Nov 01st 2008, 12:00am by Shirley Yam

    ... for long-term funding stays high. But given their wide Hong Kong dollar deposit base, major local banks rarely rely on the interbank market for funding. Second, after the write-down on credit-related ... of the banks' deposit base. But there is already a 100 per cent guarantee for all deposits provided by the government. Fifth, foreign financial houses remain fragile and counterparty risk cannot ...

  3. The back-burner does its magic in China

    Posted Oct 03rd 2009, 12:00am by Shirley Yam

    ... companies are allowed to invest in the property market. The insurers are thrilled because it means diversification from bank deposits and stock investments, and enables them to match ... that magically turned near-term problems into long-term issues- away from public glare. Here are two recent examples. It is a well-known fact that the Chinese government used to treat the banks as ATM ...

  4. Business - China Business - MONEY MATTERS

    Old habits die hard for Chinese phoenix Guangdong Enterprises

    Posted Aug 08th 2014, 09:56pm by Shirley Yam

    ... has been written about how money from financial products that pay higher than deposit returns is eventually channelled into high-risk shadow banking. Guangdong Investment should know about ... hundred banks suffered, resulting in the shutdown of the loan market to mainland enterprises for almost three years until the completion of the debt restructuring in 2001. It cost the Guangdong ...

  5. Business - Comment - MONEY MATTERS

    Ma's fancy footwork puts him on a winner with football play

    Posted Jun 07th 2014, 01:05am by Shirley Yam

    ... let's look at the banks. Every mainland banker is complaining about the pain Yu E Bao has caused them. The deposit scheme offered by Alibaba pays 15 times more interest than the banks do. ... in the name of risk control. Yet nothing happened to Yu E Bao. It continues to expand and accumulated more than 800 billion yuan within a year. The banks, after insisting that interest rates should ...

  6. Money on tap, but will it reach those in need?

    Posted Dec 13th 2008, 12:00am by Shirley Yam

    ... a dream. Banks have been tightening their purse strings in the past three months, pushing many corporates to the verge of collapse. But to Mr Corporate, the financial controller of a listed foreign-owned manufacturer in Guangdong who understandably prefers to remain anonymous, it's all too real. The call is from one of the top three listed state-owned commercial banks, with which his ...

  7. Few Asian economies are as exposed to the crisis as HK

    Posted Oct 11th 2008, 12:00am by Shirley Yam

    ... the banking sector. Two weeks after Lehman Brothers' collapse, financial institutions in Japan and South Korea began to fall. While banks in Hong Kong are financially strong and have limited exposure to collateralised debt products, their counterparties' risk remains unsure. Another bank run can never be ruled out. The government's spin doctors are already spreading the word ...

  8. Business - Comment - MONEY MATTERS

    Huirong IPO prospectus should give potential investors pause for thought

    Posted Oct 19th 2013, 02:45am by Shirley Yam

    ... To most of us, pawnshops are where you get some urgently needed cash by depositing your diamond ring or Rolex watch. But that's not how they work on the mainland. You can borrow big bucks ... the prospectus says. In short, pawnshops up north are mini banks that ask for less paper, lend faster and charge more. Huirong charged an average annualised interest of 33.66 per cent, plus ...



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