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  1. Bank deposits still unattractive

    Posted Oct 30th 2004, 12:00am by Staff Reporter

    ... to the bank to transfer deposits just because of such a minor rise,' said Ms Ma, 25, a public relations worker. She had earlier invested 40,000 yuan in bonds issued by China Merchants Bank, which ... to reverse a seven-month-long decline in the growth of savings on the mainland. The central bank has chipped away at interest rates over the past two decades, lowering one-year deposit rates eight ...

  2. Deposits in yuan triple in a month

    Posted Apr 28th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong Banks in Hong Kong took in about 5 billion yuan in deposits by the end of March, just a little over a month since they were permitted to conduct personal yuan banking business in the city. The figure is triple the amount revealed by the Hong Kong Monetary Authority early last month, when more than 1.5 billion yuan was reported to have been deposited into 14 Hong Kong banks ...

  3. China Oilfield to deposit funds in sister finance firm

    Posted Oct 27th 2004, 12:00am by Eric Ng

    ... will be needed in the near term, then it should put it in a bank, or buy government treasuries,' he wrote. He said making such deposits is no different from making unsecured loans. China ... Zhong refuted Mr Webb's comment that depositing money with CNOOC Finance would pose unusual risks. 'CNOOC Finance is a China Banking Regulatory Commission-licensed financial ...

  4. Foreign banks need to target China's young looking at retirement

    Posted Jun 02nd 2005, 12:00am by Louis Beckerling

    ... and have the right credit profile. Outside of basic banking products (local currency savings and time deposits and a debit card) the 844 customers polled in the McKinsey survey ranked ... Louis Beckerling Proposition 1: Dividend cheques determine the share prices of the world's big banks, now more or less indistinguishable from one another and matured into utilities ...

  5. Bank of Communications plans HK and Shanghai listings

    Posted Jan 12th 2004, 12:00am by Mark O'Neill

    ... (Sept 30. 03)- 470 (yuan b) Profit (Jan-Sept 03)- 6,726 (yuan b) Bank deposits (Sept 30, 03)- 697 (yuan b) Non-performing assets (Sept 30, 03)- 70.78 (yuan b) No of branches in China more than ... Mark O'Neill in Shanghai It will also expand its local operations by buying key assets with the aim of an eventual spin-off The Bank of Communications, one of China's oldest ...

  6. Minsheng Banking receives clearance for Hong Kong flotation

    Posted Jun 04th 2005, 12:00am by Staff Reporter

    ... Foster Wong and Anette Jonsson China's first privately owned lender hopes to raise US$1b China Minsheng Banking Corp has received approval in principle for its up to US$1 billion initial public offering in Hong Kong, expanding foreign investors' avenues for investment in mainland banks. The Beijing-based lender, the first privately owned bank on the mainland, is one ...

  7. China warms to foreign banks

    Posted Feb 28th 2004, 12:00am by Mark O'Neill

    ... are also able to use foreign exchange deposits to obtain yuan loans from Bank of Shanghai. 'It is a mutual learning exercise. We may be one of the world's biggest banks but are a student ... used for centuries to keep foreigners at bay from its closed world. Now, it is embracing foreigners in one of the most important sectors of the economy- banking. In December, the China Banking ...

  8. Mainland banks seen safe from yuan fallout

    Posted Jul 25th 2005, 12:00am by Staff Reporter

    ... currencies. Mainland banks are required to keep outstanding foreign currency loans at less than 85 per cent of outstanding foreign currency deposits, enabling them to absorb losses from non-loan ... the operations and capitalisation of mainland banks, analysts say. But they say the banks eventually will feel the pain unless they gain access to a broader range of hedging instruments to ward off ...

  9. DEG seeks 20pc stake in Nanchong City lender

    Posted Jul 01st 2005, 12:00am by Elaine Chan

    ... Elaine Chan DEG, the private investment arm of the German government banking group KFW, is looking to buy up to 20 per cent of a Sichuan bank. The investment in Nanchong City Commercial Bank is worth several million US dollars, and marks the first by a German institution in a mainland lender. The deal was expected to yield at least 15 per cent returns for DEG, the German ...

  10. Ford Credit issue points to rise of HK market for retail bonds

    Posted Sep 25th 2003, 12:00am by Christine Chan

    ... as the prevailing near-zero interest rates on bank deposits prompt a search for higher, safer returns. The frenzy for retail bonds is best illustrated by a number of recent offers. In July, BOC Hong Kong ... the way for issues by foreign companies hoping to tap cash-rich retail customers in Hong Kong and Asia, which boasts a relatively high savings rate. Hong Kong sits on $1.83 trillion in banking ...




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