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  1. Central bank increases deposit rates

    Posted Aug 23rd 2005, 12:00am by Staff Reporter

    ... the central bank said in a statement posted on its website. The one-month US and Hong Kong dollar deposit rates will go up 0.25 percentage point to 1.25 and 1.125 per cent respectively, while the three-month deposit rates rise by 0.375 percentage point to 1.75 and 1.625 per cent, respectively. This is the third round of interest rate increases this year and the second since the central bank ...

    http://www.scmp.com/article/513254/central-bank-increases-deposit-rates
  2. China lowers forex deposit reserve ratio

    Posted Nov 11th 2004, 12:00am by Elaine Chan

    ... Elaine Chan China will lower the foreign-exchange deposit reserve ratio for banks from January in a move that will relax credit controls and improve liquidity. The People's Bank ... management of foreign reserves' and put reserves into good use to ensure steady operations. The central bank did not provide a current ratio although sources said the ratio for deposits of less ...

    http://www.scmp.com/article/477628/china-lowers-forex-deposit-reserve-ratio
  3. Fears of knock-on effect

    Posted Oct 11th 2011, 12:00am

    ... costs, the report says. In addition, the report notes that Hong Kong dollar liquidity is increasingly becoming a more pressing concern for banks. The growth in local currency deposits has lagged ... to the upward pressure on deposit rates as lenders compete for funds. KPMG's report also shows that the total bank assets increased by HK$1.7 trillion, or 15 per cent, to HK$12.3 trillion during ...

    http://www.scmp.com/article/981498/fears-knock-effect
  4. Big Three signal the return of rate convergence

    Posted Sep 29th 2005, 12:00am by Staff Reporter

    ... Maria Chan Twin strikes on customer deposit rates by the Big Three deposit-taking institutions- HSBC, Hang Seng Bank and Bank of China (Hong Kong)- signal a return to co-ordinated action ... ranging from five basis points to 20 basis points, following increases of about 25 basis points last week. The trio's one-month deposit rates stood at 2.05 per cent yesterday while Bank ...

    http://www.scmp.com/article/518295/big-three-signal-return-rate-convergence
  5. China's banks in no position to launch fresh lending stimulus

    Posted Jun 14th 2012, 12:00am

    ... savers had nowhere else to put their money, so the banks enjoyed plentiful funding from a fast-growing base of captive deposits on which they paid rock-bottom interest rates. With such a secure ... fed up with earning a negative real return on their bank deposits. Households have switched from deposits to so-called 'wealth management products', or structured notes backed ...

    http://www.scmp.com/article/1003936/chinas-banks-no-position-launch-fresh-lending-stimulus
  6. Fears for Hong Kong dollar's future are wildly exaggerated

    Posted Apr 21st 2011, 12:00am

    ... According to this story, legions of Hongkongers in search of a higher return on their savings accounts are rushing to convert their Hong Kong dollar bank deposits into yuan. As a result, say ... dollar, the city's banks will soon face a shortage of the local-currency deposits they need to fund their Hong Kong dollar loan books. This squeeze, the analysts warn, will push up Hong Kong ...

    http://www.scmp.com/article/965721/fears-hong-kong-dollars-future-are-wildly-exaggerated
  7. Big four barely making loans

    Posted May 17th 2012, 12:00am

    ... banks' difficulty in obtaining deposits, due to capital flight and depositors' cash flowing into other investment channels because bank-deposit interest rates are below inflation. Banks are required to maintain their loans at no more than 75 per cent of their deposit base. 'This confirms that the days of banks taking huge deposits for granted are over,' said Sheng Nan, ...

    http://www.scmp.com/article/1001202/big-four-barely-making-loans
  8. Banks may cut savings rate less, says HSBC

    Posted Jan 31st 2008, 12:00am by Staff Reporter

    ... Maria Chan Hong Kong's banks are expected to follow the next round of interest-rate reductions in the United States, although perhaps not matching the cut in deposit rates, the city's biggest lender says. If that happens, banking customers still will enjoy a small return on deposits while being charged inflation-adjusted negative interest rates on mortgage loans. Local ...

    http://www.scmp.com/article/624957/banks-may-cut-savings-rate-less-says-hsbc
  9. Shanghai rate to set bank benchmark

    Posted Jan 04th 2007, 12:00am by Jamil Anderlini

    ... vice-governor Wu Xiaoling reiterated the central bank's intention to move away from the current system of setting deposit and lending interest rates to a system where they are set by the market. The central bank does not set interest rates directly in the interbank market but imposes a ceiling (2.52 per cent a year for a one-year deposit) on commercial deposit rates and a floor (6.12 per cent ...

    http://www.scmp.com/article/577397/shanghai-rate-set-bank-benchmark
  10. PBOC raises rates for sixth time this year

    Posted Dec 21st 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing The central bank raised benchmark one-year deposit and lending rates for the sixth time this year yesterday in the latest in a series of tightening measures to curb surging inflation and prevent the economy overheating. The People's Bank of China ordered commercial banks to increase their one-year deposit rates by 0.27 of a percentage point, to 4.14 per ...

    http://www.scmp.com/article/620373/pboc-raises-rates-sixth-time-year

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