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  • November 23, 2014
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Results 1 - 10 of 12 for bank deposits

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  1. HK government may have to break rules: chamber boss

    Posted Oct 14th 2008, 12:00am by Dennis Eng

    ... cap on bank deposit insurance. Such a measure would not be permanent, but could be implemented for six to 12 months to help tide jittery investors over until the economic outlook improved. He also supported the use of taxpayers' money to underwrite soured Lehman Brothers minibonds if it helped 'get a deal done' between banks and angry investors. 'You don't ...

  2. Soros praises HK for blocking his dollar 'attacks'

    Posted Jun 16th 2009, 12:00am by Dennis Eng

    ... interest rates as investors sought a higher rate of return. This caused capital to flow from equities to interest-bearing investments and bank deposits as investors abandoned stocks. Had ...

  3. Banks win, small depositors lose from interest rate gap

    Posted Jul 22nd 2005, 12:00am by Dennis Eng

    ... points to 6.5 per cent while the deposit rate has been increased by just 1.25 points. The Consumer Council warned that banks should not overlook small depositors, who stand to suffer the most ... obviously, the widening of the savings and lending rate gap is unfair,' lawmaker Fred Li Wah-ming said. He noted that the largely uniform lending and deposit rates among all the banks eliminate ...

  4. 'Back to normal' BEA shrugs off HK$2b run

    Posted Sep 27th 2008, 12:00am by Dennis Eng

    ... depositors scurrying to the bank's branches to withdraw savings. In a research note, DBS said the bank's management revealed that about HK$2 billion in deposits were withdrawn on Wednesday as a result of the rumours. This amount represented only 0.67 per cent of the lender's total deposit base. The bank had total cash on hand of between HK$2 billion and HK$3 billion. A police ...

  5. HK$567 billion floods into city

    Posted Nov 20th 2009, 12:00am by Dennis Eng

    ... value. The record-low borrowing costs and ample liquidity have seen funds flow from bank deposits to assets like stocks and properties in an attempt to generate higher returns. Buoyed ... late.' He said it was a matter of time before central banks around the world withdrew those measures. But maintaining the measures for too long risked more fund inflows, further inflating asset ...

  6. Panel weighs easing rules for reit's investments

    Posted Dec 08th 2004, 12:00am by Dennis Eng

    ... but there are limited options for investing the money: up to 30 per cent may be used to buy bonds denominated in US dollars; the balance may be invested in local-currency bonds or deposited with banks. Bonds and other fixed-income investment instruments denominated in US dollars are falling out of favour because of rising interest rates and the weakness of the US currency. Hong Kong banks have also ...

  7. No basis for bank run, HKMA says

    Posted Sep 25th 2008, 12:00am by Dennis Eng

    ... Dennis Eng Thousands withdraw BEA deposits; queues overnight; Rumours unfounded, say authorities; police called in; Bank's chief buying shares, and so is Li Ka-shing The Hong Kong ... Of course, there is also the deposit protection scheme,' he said. 'They should put their hearts at ease.' A senior government source said all banks in Hong Kong were financially sound. ...

  8. Tsang warns of new crisis as economy improves Tsang warns of new crisis as economy improves

    Posted Nov 14th 2009, 12:00am by Dennis Eng

    ... would not persist. Low interest rates tend to inflate asset prices as money flows from bank deposits to the stock and property markets in search of higher returns. Government data on housing ... co-operation to help control the flow of liquidity. World Bank president Robert Zoellick, also in Singapore for Apec, told Bloomberg that while Asian countries faced the risk of 'some asset ...

  9. Details of deposit protection scheme review to be released next year

    Posted Oct 23rd 2008, 12:00am by Dennis Eng

    ... Dennis Eng The independent body overseeing the deposit protection scheme in Hong Kong will announce possible improvements to the scheme's coverage and protection of depositors by the first quarter of next year. Public and industry consultations will be conducted afterwards. The Hong Kong Monetary Authority is helping with the Hong Kong Deposit Protection Board's review. ...

  10. Beijing calls for calm, promises to support HK

    Posted Sep 26th 2008, 12:00am by Ambrose Leung, Colleen Lee, Dennis Eng

    ... Chun-wah said the government was consulting the banking sector on increasing the limit of the Deposit Protection Scheme. Earlier, David Carse, an independent consultant for the authority, suggested ... financial sector, despite Wednesday's citywide bank run, a top Beijing official in Hong Kong said yesterday. Zhou Junming, deputy director of the central government's liaison office, urged ...




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