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  • September 22, 2014
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  1. Citi, Wing Lung cut yuan deposit rates

    Posted Apr 02nd 2011, 12:00am

    ... Lulu Chen Citi and Wing Lung Bank slashed yuan deposit rates in Hong Kong. Citi cut the absolute interest rate of one-week deposits to 0.45 per cent from 0.7 per cent. The one-month ... Lung Bank cut rates for all time periods. The one-month rate is 0.55 per cent, cut from 0.72 per cent, the three-month deposit rate is 0.57 per cent, cut from 0.78 per cent and the one-year ...

  2. Businesses logging on to online banking

    Posted Jan 01st 2008, 12:00am by Staff Reporter

    ... online investment products such as unit trusts, structured deposits and securities. 'Online transactions now account for 20 per cent of our total commercial banking transactions,' Mr ... Jeff Pao A strong economy and increasing user acceptance will keep online banking transactions for businesses at the Hongkong and Shanghai Banking Corp and Industrial and Commercial Bank ...

  3. Online services offer way to skirt growth roadblocks

    Posted Oct 03rd 2005, 12:00am by Staff Reporter

    ... Maria Chan Online banking may not be ringing in the cash for foreign lenders in the mainland, but it does offer them a way to match the massive branch network and reach advantage ... by branches, such as taking deposits, but customers can make fund transfers or give remittance instructions online without having to go to a branch physically,' a banker said. This is a great ...

  4. Arrests for online theft

    Posted Apr 06th 2007, 12:00am by Laura Liu

    ... The mainland has nearly 40 million users of internet banking services. The nation's biggest internet theft case occurred last September in Fujian province after nearly 7.8 million yuan in deposits ... Construction Bank in March through 11 online transactions to an account in Yunnan province's Kunming city, the Oriental Morning Post reported. Police arrested two suspects in Kunming- ...

  5. Business - Banking & Finance

    HSBC seeks balance between mobile payments, Hong Kong branch network

    Posted May 10th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Bank will not stop expanding branch network even amid surge in app usage HSBC eyes mobile payment technology The increased popularity of mobile payments in Hong Kong has pushed HSBC to invest in related technology, but the bank said it would not stop expanding its branch network. Diana Cesar, head of retail banking and wealth management at HSBC in Hong ...

  6. Titan may have white knight in Zhenrong

    Posted Jul 19th 2012, 12:00am

    ... of bank loans and bonds payable at the end of last year, with HK$160 million of cash and HK$1.1 billion in pledged deposits. It tried to raise cash to meet debt obligations last year by selling ...

  7. Business - Banking & Finance - TECHNOLOGY

    Hang Seng Bank joins leap into phone payments

    Posted Nov 02nd 2012, 12:00am by Lulu Chen

    ... Lulu Chen lulu.chen@scmp.com Hang Seng Bank joins leap into phone payments Hang Seng Bank yesterday launched a platform that will let buyers pay for their purchases using smartphones ... their smartphones at any suitably equipped checkout counters. The technology would be made available for free to the first batch of eligible customers who registered with the bank, it said. ...

  8. Teen caught selling pirated Windows 7

    Posted Oct 28th 2009, 12:00am by Clifford Lo

    ... to pay and deposit the money into a local bank account, and then given a hyperlink to download the pirated software, Kwan said. 'Or, clients were asked to go to a designated location ... in Hong Kong. The arrest came after a customs officer posing as a buyer placed an order through the discussion forum and deposited HK$300 into the bank account. After the officer was given ...

  9. Comment - Insight & Opinion

    Chinese banks must tap growing online market

    Posted Sep 15th 2012, 12:00am by Andrew Sheng

    ... Andrew Sheng Andrew Sheng says e-banking can be a competitive tool, provided regulatory issues are addressed Chinese banks need to click with the growing number of online consumers ... and therefore are becoming the consumer's preferred platform for electronic banking and e-commerce. It is estimated that there are 5.6billion mobile phones in use globally. If this is the trend, ...

  10. Cross-border phone fraud gang members arrested in Shenzhen

    Posted Sep 08th 2009, 12:00am by Fiona Tam

    ... required to transfer all their deposits into designated bank accounts to 'protect their funds'. Police said the gang withdrew more than 20 million yuan between May and July. The arrests ... on the mainland transferred the swindled money into different bank accounts, and then withdrew cash from ATMs in seven provinces, around the clock, before police froze the accounts. Victims complained ...




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