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  • November 28, 2014
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Results 1 - 6 of 6 for bank deposits

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  1. Central bank acts to prevent overheating

    Posted Aug 24th 2003, 12:00am by Wang Xiangwei

    ... of overheating, by raising reserve requirements for banks and other deposit-taking financial institutions to stave off inflation and reduce lending risks. The People's Bank of China (PBOC) said the ratio of deposits commercial banks must place with the central bank would be increased to 7 per cent from 6 per cent, effective from September 21. This means about 150 billion yuan (HK$141 ...

  2. Beijing has little choice but to keep investing in US Treasury bonds

    Posted Feb 23rd 2009, 12:00am by Wang Xiangwei

    ... confidence in US Treasury bonds if the latest rumour in the corridors of power in Beijing is to be believed. Rumour has it that a list detailing the offshore bank deposits of mainland officials ...

  3. Higher costs a price worth paying to address imbalance

    Posted Jul 24th 2006, 12:00am by Wang Xiangwei

    ... Wang Xiangwei Mainland authorities are under growing pressure to further clamp down on the excessive liquidity and easy bank lending which led to the economy growing at a blistering rate of 11.3 per cent in the second quarter. Many economists have urged the central government to revalue the yuan faster, again raise commercial banks' deposit reserve ratios and interest rates, ...

  4. Bank profits are not always the best measure of success

    Posted Sep 08th 2008, 12:00am by Wang Xiangwei

    ... and the central government support. The central bank's one-year lending rate is set at 7.47 per cent while the one-year deposit rate is 4.14 per cent, which means mainland banks made the bulk ... and Commercial Bank of China, is laughing aloud. Not long after trumping Citigroup as the world's biggest bank by market value, ICBC last month announced a record profit of 64.5 billion yuan ...

  5. The big picture on China's G20 performance

    Posted Apr 06th 2009, 12:00am by Wang Xiangwei

    ... preparations for its G20 summit appearance and beyond. In the lead-up to the one-day summit, the central bank governor, the foreign-exchange chief, the finance minister and finally Vice-Premier Wang ... bank governor Zhou Xiaochuan's proposal to create a super-sovereign reserve currency. There followed a storm over Beijing's supposed intention to mount an immediate challenge the US ...

  6. Corruption case highlights nasty surprises lurking in 'little treasuries'

    Posted Dec 27th 2004, 12:00am by Wang Xiangwei

    ... been speculation the former Bank of China (Hong Kong) chief executive could face a firing squad for allegedly embezzling more than 41 million yuan. A key indictment against Liu is that he set up unauthorised, off-balance-sheet accounts to siphon money from the Bank of China's Hong Kong operations for personal purposes. If Liu is found guilty, it would have implications ...



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