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  1. Business - Banking & Finance - CURRENCIES

    Yuan deposits set to leap to one trillion by end of 2013

    Posted Feb 01st 2013, 12:00am by Charlotte So

    ... in Qianhai can borrow yuan from banks in the city, Hang Seng Bank says. The pool of yuan deposits in Hong Kong rose 5.6 per cent last month from November to 603 billion yuan. It has surged from less ... economist of Hang Seng Bank, said: "Hong Kong's offshore yuan deposits could grow at a faster pace, reflecting an expected rebound in cross-border trade settlement flows and potentially ...

    http://www.scmp.com/business/banking-finance/article/1140632/yuan-deposits-set-leap-one-trillion-end-2013
  2. Business - Banking & Finance - CURRENCIES

    Banks raise offshore yuan deposit rates ahead of through train scheme

    Posted Nov 05th 2014, 03:21am by Jeanny Yu

    ... eight banks have raised their yuan deposit rates or extended their promotional offers. HSBC and China Construction Bank were the two banks that raised their short-term yuan deposit rates last ... of short-term costs in order to attract more new clients or encourage existing clients to open yuan accounts to buy renminbi-related products." Some banks are even setting deposit rates higher than ...

    http://www.scmp.com/business/banking-finance/article/1632097/banks-raise-offshore-yuan-deposit-rates-ahead-through-train
  3. Business - Banking & Finance - CURRENCIES

    Yuan deposits see wide range in rates

    Posted Jul 17th 2013, 12:00am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Banks split on currency's prospects amid cash squeeze and slowing economy on mainland Wide rates seen for yuan deposits Banks in Hong Kong are divided ... HSBC and Citibank are willing to pay an annual interest rate of just 0.6 per cent to attract six-month yuan deposits, China Construction Bank (Asia) on Monday offered up to 5.2 per cent to new ...

    http://www.scmp.com/business/banking-finance/article/1284285/yuan-deposits-see-wide-range-rates
  4. Business - Money - CURRENCIES

    Dim sum bonds open new profits path for investors in Taiwan

    Posted Aug 18th 2014, 04:01am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com New bonds open yuan channels for Taiwan deposits Taiwan’s commercial banks have been earning sizeable profits through yuan deposits from the public, ... Most of them, even institutional investors, chose to save yuan as deposits at banks,” Zhou said. Taiwan has fewer than 30 Formosa bonds in issue since Beijing approved them last year. ...

    http://www.scmp.com/business/money/markets-investing/article/1575791/dim-sum-bonds-open-new-profits-path-investors
  5. Business - Banking & Finance - CURRENCIES

    Hong Kong's yuan interest rates rise towards Shanghai levels

    Posted Jun 07th 2014, 01:13am by BLOOM

    ... Kong jumped 50 basis points in May to 2.48 per cent, while Shanghai's fell 74 basis points to 3.86 per cent amid monetary easing by the central bank. Deposits in Hong Kong rose 15 billion ... to the trading code of the offshore yuan. The People's Bank of China released detailed rules on May 22 for a free-trade account system in the Shanghai zone that would facilitate conversion ...

    http://www.scmp.com/business/banking-finance/article/1527023/hong-kongs-yuan-interest-rates-rise-towards-shanghai-levels
  6. Business - Economy - CURRENCIES

    Overseas Indians offer little help in propping up rupee

    Posted Aug 29th 2013, 10:02am by Reuters

    ... Reuters in Mumbai Expatriates' property investments and bank deposits fall as currency slumps to record low Overseas Indians offer little help in propping up rupee The patriotism ... and wealth managers said. Underlining the hesitancy, flows from non-resident Indians (NRIs) into bank deposits in the April-June quarter dropped to US$5.5 billion from US$6.6 billion a year-earlier, ...

    http://www.scmp.com/business/economy/article/1300289/india-finds-price-expats-patriotism-elusive-growth-fades
  7. Business - Banking & Finance - CURRENCIES

    Yuan deposits set to outpace Hong Kong dollar, HSBC says

    Posted Dec 03rd 2013, 05:45am by KANIS LI

    ... part of Hong Kong dollar deposits and result in tightening liquidity as the yuan is still not a fully convertible currency, she said. "More banks will have to strengthen their stable ... in the future." In 2011, Hong Kong banks were less able to lend out money, usually in Hong Kong dollars and US dollars, because only yuan deposits were growing in the system. Banks had to pay higher ...

    http://www.scmp.com/business/banking-finance/article/1371325/yuan-deposits-set-outpace-hong-kong-dollar-hsbc-says
  8. Business - Banking & Finance - CURRENCIES

    Yuan depreciation raises investment risks

    Posted Mar 10th 2014, 05:59am by Jeanny Yu

    ... structured savings vehicles sold through banks that pay rates of interest two or three times above that of bank deposits. I have a very dismal view on the market. It has been driven by speculation ... at least 2007- is a warning shot designed to squeeze out mounting speculative flows into the currency that analysts at Deutsche Bank reckon currently stand at US$500 billion. "That's ...

    http://www.scmp.com/business/banking-finance/article/1444812/yuan-depreciation-raises-investment-risks
  9. Business - Banking & Finance - CURRENCIES

    Mainland China banks set own yuan rates for retail clients

    Posted Jul 04th 2014, 01:41am by DON WEINLAND

    ... on the heels of a series of piecemeal reforms that are pushing banks to compete more actively for foreign currency deposits. Last week, the central bank removed the cap on deposit rates for foreign ... Don Weinland don.weinland@scmp.com Beijing's latest easing on exchange rate with greenback comes in lead-up to talks with US Mainland banks set own yuan rates for retail clients ...

    http://www.scmp.com/business/banking-finance/article/1546129/mainland-china-banks-set-own-yuan-rates-retail-clients
  10. Business - Banking & Finance - CURRENCIES

    China’s overseas investment schemes set to boost yuan

    Posted Oct 27th 2014, 02:59pm by Reuters

    ... department at the People's Bank of China. Yuan deposits in Hong Kong, the biggest offshore yuan hub, stood at 937 billion yuan (HK$1.2 trillion) at the end of August, the lowest level since ... pilot schemes that will allow domestic investors to make overseas investments using the yuan, a move that could pump fresh oxygen into the stagnant offshore yuan pool. "The central bank ...

    http://www.scmp.com/business/banking-finance/article/1625777/chinas-overseas-investment-schemes-set-boost-yuan

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