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  • April 18, 2014
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  1. Business - Banking & Finance - INVESTMENT

    Banks fight back against online investment products

    Posted Feb 24th 2014, 03:25pm by Reuters

    ... bricks-and-mortar banks are launching a counterattack against the assault on their business from Alibaba and other internet heavyweights, in an attempt to staunch the outflow of bank deposits ... the customer deposits held by the five smallest listed Chinese banks. Similar online products from Baidu and Tencent contributed to a fall of 1 trillion yuan in traditional bank deposits last month. ...

    http://www.scmp.com/business/banking-finance/article/1434068/banks-fight-back-against-online-investment-products
  2. Business - Banking & Finance - INVESTMENT

    Mainlanders use ‘free money’ from Hong Kong banks to earn higher returns at home

    Posted Feb 26th 2014, 09:34am by KEIRA HUANG; GEORGE CHEN

    ... the big gap in interest rates between Hong Kong, which has a market-based banking system, and the mainland, where the central bank tightly controls loan and deposit rates, it’s no surprise ... off for mainlanders Mainland Chinese working in Hong Kong have found a way to use “free money” from local banks to invest in profitable financial products across the border. They take ...

    http://www.scmp.com/business/banking-finance/article/1435473/mainlanders-use-free-money-hong-kong-banks-earn-higher
  3. Business - Money - INVESTMENT

    Hong Kong banks' marketing of FX-linked structured products sparks concern

    Posted Jul 29th 2013, 12:00am by Jasper Moiseiwitsch

    ... is a deposit not a deposit? If you walk into a bank you may spot signs in the teller queue displaying attractive deposit rates in a foreign currency. If you ask about them, you'll be whisked off ... into annual sales of about HK$380 billion - and that excludes sales by banks. But despite their branding, these products are not deposits at all. They are derivatives. The retail investor is selling ...

    http://www.scmp.com/business/money/investment-products/article/1292606/hong-kong-banks-marketing-fx-linked-structured
  4. Business - Money - INVESTMENT

    HK banks await ease on daily yuan conversion to push investment product sales

    Posted Dec 23rd 2013, 12:42pm by KANIS LI

    ... also seen fast-growing demand from financial consumers who are keen to make bigger returns from yuan appreciation rather than just depositing yuan for regular interest rates at local banks ... for Hong Kong residents. “Yuan-denominated products will definitely be the focus of all banks in Hong Kong next year,” said Janet Chong, executive director of consumer banking at Singaporean bank ...

    http://www.scmp.com/business/money/investment-products/article/1388953/hk-banks-await-ease-daily-yuan-conversion-push
  5. Business - Banking & Finance - INVESTMENT

    Investors' funds at risk as trust product sold by CCB defaults

    Posted Feb 12th 2014, 01:27pm by Reuters in Shanghai

    ... bank deposits. Analysts warn that default risk from such off-balance-sheet loans is rising. Funds raised through the sale of these products typically flow to weak borrowers that struggle ... Reuters in Shanghai Loan to debt-ridden coal firm highlights shadow banking risks as trust works to recover funds Investors hit as coal mine defaults on trust product A high-yield ...

    http://www.scmp.com/business/banking-finance/article/1426501/investors-funds-risk-trust-product-sold-ccb-defaults
  6. Business - China Business - INVESTMENT

    Investors bank 100b yuan into Ma's online service

    Posted Dec 07th 2013, 03:59am by BLOOM

    ... sites 5.2 per cent interest on money that can be redeemed instantly to pay for products or withdrawn with one day's notice. That compares with 0.35 per cent on at-call bank deposits ... proliferation has attracted tighter rules this year after they were seen to threaten financial stability. Competition for deposits between banks' wealth-management products and emerging ...

    http://www.scmp.com/business/china-business/article/1374863/investors-bank-100b-yuan-mas-online-service
  7. Business - Money - INVESTMENT

    Citic Securities acquires stake in US brokerage BTIG

    Posted Apr 15th 2014, 12:21am by BLOOM

    ... around the world. The Chinese investment bank is making the purchase through its CLSA unit, the Hong Kong-based business it bought from Credit Agricole for more than US$1 billion to add traders ... Starker, a former Goldman Sachs Group partner, and ex-Bank of America equities chief Scott Kovalik founded BTIG a decade ago, the stock-trading firm has opened offices across the US and in Europe ...

    http://www.scmp.com/business/money/markets-investing/article/1482535/citic-securities-acquires-stake-us-brokerage-btig
  8. Business - Banking & Finance - INVESTMENT

    Luxembourg lining up for yuan quota

    Posted Feb 11th 2014, 11:05am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Officials from the nation, backed by largest pool of the Chinese currency deposited in Europe, will lobby Beijing for acceptance into RQFII scheme Luxembourg ... the minister of finance, plan to visit the mainland in May or June for talks with the financial authorities. We are much stronger in deposits, loans, investment funds and bonds NICOLAS MACKEL, ...

    http://www.scmp.com/business/banking-finance/article/1425894/luxembourg-lining-yuan-quota
  9. Business - Money - INVESTMENT

    Focus on value in a time of investment trend reversals

    Posted Apr 14th 2014, 03:51pm by Hao Hong

    ... are looking better. The author is managing director for research at Bank of Communications. Follow him on Sina Weibo. ...

    http://www.scmp.com/business/money/markets-investing/article/1482124/focus-value-time-investment-trend-reversals
  10. Business - Banking & Finance - INVESTMENT

    China bond sale suffers setback amid expected of rate rises

    Posted Apr 12th 2014, 12:59am by BLOOM

    ... compared with the median estimate of 3.4 per cent in a survey on Thursday, when the yield on similar-maturity existing notes was 3.32 per cent. Commercial banks need to transfer corporate tax payments to the People's Bank of China in the month after each quarter ends and this drains funds from the financial system. The seven-day repurchase rate climbed 74 basis points this week ...

    http://www.scmp.com/business/banking-finance/article/1476904/china-bond-sale-suffers-setback-amid-expected-rate-rises

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