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  • April 19, 2014
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  1. Comment - Insight & Opinion - LEADER

    Removing chains on deposit rates will free capital for more efficient use

    Posted Mar 16th 2014, 03:33am by SCMP Editorial

    ... that People's Bank of China Governor Zhou Xiaochuan envisages a time frame for the last, vital step- the liberalisation of deposit rates. Speaking on the sidelines of the NPC meeting, Zhou said ... on official deposit rates that has created a huge, unregulated shadow banking sector. With an unattractive official deposit rate, distrust of the stock market and wariness of a property bubble, ...

  2. Comment - Insight & Opinion - LEADER

    China should lower taxes, not increase spending, to spur growth

    Posted Apr 17th 2014, 04:33am by SCMP Editorial

    ... has already advanced the cause of structural reform by widening the trading band of the yuan and putting a time frame on liberalisation of deposit rates. The National Bureau of Statistics said ...

  3. Comment - Insight & Opinion - LEADER

    Citic Group's plan opens door to greater economic reforms

    Posted Apr 06th 2014, 03:55am by SCMP Editorial

    ... unit, Citic Pacific. It also will likely relocate its headquarters to Hong Kong. The latest development will open the group- whose interests span from steel and property to banking ... China Citic Bank, is trading at 0.7 times book value. The stake accounted for 62 per cent of the book value of the assets to be injected. The total assets have been estimated to be worth 225 ...

  4. Comment - Insight & Opinion - LEADER

    Let market forces work their magic on China's trust industry

    Posted Feb 23rd 2014, 05:07am by SCMP Editorial

    ... with investors, so the outcome is not yet clear. Trust products are attractive because they offer high interest, well above the maximum 3.3 per cent for one-year deposits at the state banks. And not all ... on such bonds because they can not get loans from traditional banks. All these could snowball into a bigger problem for the financial markets. But given China's closed and tightly controlled ...

  5. Comment - Insight & Opinion - LEADER

    Automatic bailouts no longer an option in China

    Posted Mar 28th 2014, 03:54am by SCMP Editorial

    ... SCMP Editorial Instant bailouts not an option It was to be expected that debt defaults on the mainland would fuel rumours about bank solvency sooner or later. The result has been a run ... by the bond default of Shanghai Chaori Solar Energy Science & Technology and the collapse of a real estate company with 3.5 billion yuan of debt and 15 bank creditors. The collapse of the illegal ...

  6. Comment - Insight & Opinion - LEADER

    Step up the battle against money laundering

    Posted Mar 10th 2014, 02:47am by SCMP Editorial

    ... local banks. He was sentenced to six years' imprisonment on Friday. The high-profile case has put Hong Kong under the international spotlight. These concerns are underlined by a survey on economic crime by a multinational accounting firm that puts the city in a negative light. As many as 37 per cent of the companies in Hong Kong and Macau, mainly banks and casinos, said they had ...

  7. Comment - Insight & Opinion - LEADER

    Assault on Kevin Lau is tantamount to an attack on us all

    Posted Feb 28th 2014, 04:20am by SCMP Editorial

    ... last month by a non-local, the firing of controversial radio talk-show host Li Wei-ling and the pulling of advertising by mainland companies and international banks from pro-democracy media ...

  8. Comment - Insight & Opinion - LEADER

    Who will rescue Cypriot banks- the EU or Russia?

    Posted Mar 22nd 2013, 12:00am by SCMP Editorial

    ... deposit insurance. If everyone paid, its assumption went, the rich Russians would pay less and might still stay with the banks. Cypriots rightly rejected the deal, forcing their government to go ... SCMP Editorial Cyprus rescue: EU or Russia? What started off as a botched rescue of the banking system in Cyprus has morphed into geopolitical brinkmanship between Russia and the European ...

  9. Comment - Insight & Opinion - LEADER

    Cyprus' bailout marks a turning point

    Posted Mar 27th 2013, 12:00am by STAFF

    ... and deposits under €100,000 have been spared a levy, deposits in the largest bank could take a haircut of around a third, and big deposits at the second biggest could be wiped out. The reaction ... by the head of the Eurogroup about shifting the balance of risk to investors, shares in big Italian and French banks fell sharply over concerns about the exposure of deposits in future bailouts. ...

  10. Comment - Insight & Opinion - LEADER

    Quality of growth is what counts in China now

    Posted Jan 23rd 2014, 03:18am by SCMP Editorial

    ... long since ceased to be a sustainable approach. Evidence is to be seen in pollution, crushing local government debt and the undisciplined growth of shadow banking. The economy may tend to slow ...




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