• Saturday
  • November 29, 2014
  • Last updated: 1:05pm
Hong Kong




Refine Your Search

Sort by

Related Keywords

Search Results

Results 1 - 10 of 42 for bank deposits

Related topics matching your search

Search results

  1. Business - Comment - MONITOR

    It's risk-off again as troika plays with fire in Cyprus

    Posted Mar 19th 2013, 12:00am by Tom Holland

    .... Alternatively, the authorities might hold deposit rates down, keeping the spread between deposit and lending rates artificially wide in order to recapitalise the banks at depositors' expense; ... As a result, savers in Greece, Spain, Portugal and Ireland will naturally be prompted to reassess the security of their bank deposits. To be on the safe side, many are likely to decide to shift ...

  2. Business - Comment - MONITOR

    Thank the Cypriot parliament for averting euro-catastrophe

    Posted Mar 21st 2013, 12:00am by Tom Holland

    ... Tom Holland Proposal forcing residents to accept a tax on insured deposits would have triggered a chain reaction of bank runs across southern Europe Thank the Cypriot parliament for averting euro-catastrophe It can have surprised no one that members of the Cypriot parliament voted unanimously against plans to slap a tax on the islanders' bank deposits. Members ...

  3. Business - Comment - MONITOR

    Cypriot-style bank crisis could hit Hong Kong too

    Posted Apr 02nd 2013, 12:00am by Tom Holland

    ... to the European authorities' ill-conceived first attempt to tax Cypriot bank deposits. But contagion is only part of the reason we should watch events in Cyprus closely. As a smallish place ... at first glance, the chances of a Cyprus-style recurrence seem slim. Whereas Cypriot bank deposits ballooned to 700 per cent of the island's gross domestic product, in Hong Kong the figure ...

  4. Business - Comment - MONITOR

    Beijing's financial reforms will push up interest rates

    Posted Jan 16th 2014, 11:41pm by Tom Holland

    ... because the central bank still dictates the maximum interest rates that mainland households and companies can earn on their bank deposits. And the rates it decrees are low. At present, the highest ... savers by offering higher deposit rates. In turn, that will push up bank lending rates for most borrowers, and China's interest rates will rise across the board. There are few key reforms ...

  5. Business - Economy - MONITOR

    Beijing's targets likely to play down growth for reform focus

    Posted Dec 09th 2013, 04:50am by Tom Holland

    ... with the leadership's reform programme by removing the regulatory ceiling on bank deposit rates. The process will be gradual. Officials are nervous of triggering a bidding war between rival banks competing ... the implosion of United States investment bank Lehman Brothers. In recent years, the objectives set by the annual meeting have been more modest. The official growth target for last year, for example, ...

  6. Business - Comment - MONITOR

    By avoiding a small crisis now China risks a big one in future

    Posted Jan 29th 2014, 05:02am by Tom Holland

    ... into low-yielding banks deposits, which would have made it difficult for China's trust companies to sell enough new products to pay out the investors in their maturing short-term notes. In turn, ... borrowers would have gone to the wall. Ultimately the state banks would have stepped in to provide funding to stronger borrowers, effectively taking the exposure back on to their balance sheets. ...

  7. Business - Banking & Finance - MONITOR

    Beijing's latest rate reform makes no difference at all

    Posted Jul 22nd 2013, 12:00am by Tom Holland

    ... on bank deposit rates. At the moment, the cap on demand deposits- which is where most of China's 44 trillion yuan (HK$56 trillion) in household savings deposits is kept- is set a whisker ... in the bank. This cap on deposit rates depresses consumption enormously. Yet Beijing is reluctant to get rid of it, afraid that the country's banks would quickly jack up their savings rates ...

  8. Business - Comment - MONITOR

    A nice idea Mr Yam, but it will be a long time before it can fly

    Posted Feb 19th 2014, 01:27am by Tom Holland

    ... commercial banks to set aside 20 per cent of deposits at the PBOC as required reserves is not only inefficient, argued Yam, it "is in effect a tax on the banking system" which has ... a sizeable proportion of their deposits at the central bank as required reserves- reserves on which it pays only a stingy 1.62 per cent interest rate. In a nutshell, as long as China maintains its ...

  9. Business - China Business - MONITOR

    It's tough, but China must let trust company products fail

    Posted Jan 27th 2014, 04:23am by Tom Holland

    ... ceased production after its vice-chairman was arrested for taking deposits without a banking licence. Not surprisingly, the investors are angry. They say they were promised a 10 per cent annual return on their capital by the ICBC staff that sold them the product as a high-yield, low-risk alternative to their savings deposits. Now they are demanding that the bank make good their losses. ...

  10. Business - Comment - MONITOR

    Shanghai free zone smells like it's just another property deal

    Posted Sep 16th 2013, 12:00am by Tom Holland

    ... promises about liberalising bank deposit rates, and of slashing tax rates for resident companies. But so far the small print remains unwritten. And following warnings that Beijing is anxious ... to conduct those experiments. In the case of capital account opening, it would be far easier just to license a limited number of existing bank branches to participate in cross-border yuan loans than ...




SCMP.com Account