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  • November 23, 2014
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Results 1 - 10 of 14 for bank deposits

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  1. Business - Banking & Finance - DEBT

    China's finance ministry dim sum bond offers low risk appeal

    Posted Nov 22nd 2014, 04:57am by Jeanny Yu

    ... latest dim sum bond is seen as likely to appeal to retail investors in Hong Kong despite its yield being less than that of time deposits offered by banks. The ministry started selling 3 billion ... with the same length of maturity. Despite the increase in yield, it will still return less than some time deposits offered by commercial banks in the city, which have been raising yuan deposit rates ...

    http://www.scmp.com/business/banking-finance/article/1645771/chinas-finance-ministry-dim-sum-bond-offers-low-risk-appeal
  2. Business - Banking & Finance - INVESTMENT

    New index shows government's iBonds are not always a sure bet

    Posted Oct 08th 2013, 12:00am by Jeanny Yu

    ... to the third batch released this year reached a record high as investors believe such products are almost risk free and better than the paltry returns on bank deposits. However, data show that positive ... in the first three quarters. Kwan said the value of the 2011 batch had fallen by 1.11 per cent in the 10 days after the US central bank hinted on June 19 at the likelihood of tapering. However, ...

    http://www.scmp.com/business/banking-finance/article/1326793/new-index-shows-governments-ibonds-are-not-always-sure-bet
  3. Business - Money

    Offshore yuan surges as through train kicks off

    Posted Nov 18th 2014, 05:09am by Jeanny Yu

    ... amid weak reports for the mainland economy. These concerns were behind moves by Hong Kong banks to raise deposit rates last month in a bid to retain liquidity. By late afternoon yesterday, ... Deutsche Bank strategist Liu Linan said. Liu said the overall liquidity environment should not be a major concern as the Hong Kong Monetary Authority could provide up to 24 billion yuan a day ...

    http://www.scmp.com/business/money/markets-investing/article/1642430/offshore-yuan-surges-through-train-kicks
  4. Business - Banking & Finance - BANKING

    International Monetary Fund warns Hong Kong over mainland exposure

    Posted May 24th 2014, 01:52am by Jeanny Yu

    ... in January prompted the HKMA to introduce its Stable Funding Requirement, which requires banks to increase their deposit base if their loan book grows by more than 20 per cent per year. While ... the city's de facto central bank to remain focused on mainland lending exposures. "Surveillance and supervision of mainland exposures should remain a key supervisory priority for the Hong Kong ...

    http://www.scmp.com/business/banking-finance/article/1519196/international-monetary-fund-warns-hong-kong-over-mainland
  5. Business - Banking & Finance - CURRENCIES

    Yuan to trade directly with UK pound

    Posted Jun 19th 2014, 12:55am by Jeanny Yu

    ... community EVAN GOLDSTEIN, DEUTSCHE BANK Market watchers expect overall investor interest in yuan to pick up and help create a huge "Euroyuan" market the way the US dollar was boosted in its early years as a global currency. Euroyuan refers to yuan deposits at foreign banks or foreign branches of Chinese banks. London is the largest depository for the Eurodollar, or US dollars ...

    http://www.scmp.com/business/banking-finance/article/1535833/yuan-trade-directly-uk-pound
  6. Business - Money - MARKETS

    Brokers upbeat as through train off to slow start

    Posted Nov 22nd 2014, 04:57am by Enoch Yiu, Jeanny Yu, Daniel Ren

    ... on the conferences and other corporate access activities hosted by us and other investment banks, investors are clearly very keen to learn about A shares." Moreover, index companies are racing to launch ... of the 20,000 yuan daily exchange quota, the banks have seen brisk business. Hang Seng Bank executive director Nixon Chan said demand for yuan this week was 14 times greater than that in the first two ...

    http://www.scmp.com/business/money/markets-investing/article/1645788/brokers-upbeat-through-train-slow-start
  7. Business - Banking & Finance

    Yuan's clout grows in Europe

    Posted Nov 15th 2013, 03:10am by Jeanny Yu

    ... asset managers had established yuan funds in Luxembourg with more than 220 billion yuan (HK$278 billion) of assets under management, the press release said. With 56 billion yuan in deposits ... London, which is also aggressively promoting its yuan business. Luxembourg is Europe's largest investment fund centre and a leading private banking hub. Last month, China Construction Bank ...

    http://www.scmp.com/business/banking-finance/article/1356245/yuans-clout-grows-europe
  8. Business - Banking & Finance - YUAN

    Shanghai free-trade zone rule change to boost offshore yuan loans

    Posted Jun 09th 2014, 03:29am by Jeanny Yu

    ... in the pilot Shanghai free-trade zone and given the continued weakness of the currency. Last month China's central bank announced details on the use of free trade accounts in the Shanghai free-trade zone. Under the new rules, firms registered in the zone would be able to borrow yuan from offshore banks and use the proceeds to repay existing loans borrowed from Shanghai financial ...

    http://www.scmp.com/business/banking-finance/article/1528243/shanghai-free-trade-zone-rule-change-boost-offshore-yuan
  9. Business - Banking & Finance - CURRENCIES

    Yuan surges up currency rankings

    Posted Jun 28th 2014, 01:09am by Jeanny Yu

    ... helping increase yuan deposits and bolstering formation of offshore yuan capital pools. "Hong Kong has the most-established and largest [yuan] corridor with mainland China, but as other ... in these markets," he said. Swift operates the world's largest network facilitating the transfer of financial messages between banks. The market share of yuan usage in payments between entities based ...

    http://www.scmp.com/business/banking-finance/article/1542085/yuan-surges-currency-rankings
  10. Business - Banking & Finance - FINANCING

    Growing demand spurs borrowing costs of offshore yuan in Hong Kong

    Posted Jun 23rd 2014, 03:08am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Borrowing costs soar as banks tighten lending and more remittance channels are available Growing demand spurs rates on offshore yuan Borrowing costs of offshore yuan in Hong Kong surged to their highest levels in a year last week as banks became more reluctant to part with their money in the run-up to the end of the half-year and demand for funds ...

    http://www.scmp.com/business/banking-finance/article/1538519/growing-demand-spurs-borrowing-costs-offshore-yuan-hong

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