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  1. Banks push up deposit rates after rate cut

    Posted Jun 09th 2012, 12:00am

    ... Jane Cai in Beijing, Anita Lam and George Chen Big mainland banks yesterday responded to an official cut in lending rates by raising deposit rates, underscoring intensifying competition as the central bank edges towards interest rate deregulation. In the first rate cut since 2008, the People's Bank of China on Thursday cut the benchmark one-year lending and deposit rates by 25 ...

    http://www.scmp.com/article/1003425/banks-push-deposit-rates-after-rate-cut
  2. Smaller banks join rush to higher deposit rates

    Posted Jun 12th 2012, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com Second-tier banks followed major lenders in offering higher deposit rates than the benchmark, boosting competition in the finance sector after a recent move towards interest rate deregulation. China Minsheng Banking Corp, China Merchants Bank and China Citic Bank were among other joint-stock lenders that raised deposit rates ...

    http://www.scmp.com/article/1003735/smaller-banks-join-rush-higher-deposit-rates
  3. Citic Bank sees rise in yuan deposits

    Posted Apr 16th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Citic Bank International, the offshore commercial banking arm of China Citic Bank, said yuan deposits increased in the first two months of the year, while many ... centre and growth in yuan trade settlements with the mainland, said Helen Kan, an executive general manager of CBI's retail banking group. Yuan deposits in Hong Kong fell nearly 10 per cent ...

    http://www.scmp.com/article/998352/citic-bank-sees-rise-yuan-deposits
  4. Deposit protection no substitute for supervision

    Posted Apr 28th 2009, 12:00am by Staff Reporter

    ... Hong Kong bank customers could lose the temporary, full protection offered by the government on bank deposits next year. The government says it will depend on the state of the global ... by the government's provision of a full guarantee. Thanks to prudent capital-reserve and lending practices, our banks have passed the stress tests of the Asian and world financial crises. Deposit insurance ...

    http://www.scmp.com/article/678385/deposit-protection-no-substitute-supervision
  5. Plan to raise deposit protection

    Posted Apr 25th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan A government-appointed board will propose lifting the ceiling on Hong Kong's bank deposit protection to between HK$300,000 and HK$500,000. That would be up ... per cent of depositors of a failed bank will be able to get their money back in full. The paper follows a review, by the Hong Kong Deposit Protection Board, of the city's deposit ...

    http://www.scmp.com/article/678049/plan-raise-deposit-protection
  6. Mainland deposit insurance scheme expected to be launched next year

    Posted Nov 27th 2008, 12:00am by Staff Reporter

    ... Adam Chen and Jane Cai in Beijing A plan to insure bank deposits on the mainland has been submitted to the State Council and the scheme is expected to be launched next year, according to a central bank official. People's Bank of China research chief Zhang Jianhua told a conference in Beijing yesterday that the authorities started designing the deposit insurance scheme in 2003. ...

    http://www.scmp.com/article/661684/mainland-deposit-insurance-scheme-expected-be-launched-next-year
  7. City banks asked to make special deposits in new bid to curb lending

    Posted Oct 18th 2007, 12:00am by Staff Reporter

    ... Natalie Chiu The mainland's central bank has told city commercial lenders to set aside special deposits in a move to curb lending growth, according to a state newspaper. The People's Bank of China had asked mid-sized lenders to place funds as three-month and one-year special deposits from October 23, Shanghai Securities News reported yesterday. The amount ...

    http://www.scmp.com/article/612008/city-banks-asked-make-special-deposits-new-bid-curb-lending
  8. Banks told to clarify deposit protection cover for customers

    Posted Feb 06th 2009, 12:00am by Danny Mok

    ... Danny Mok Banks have been ordered by the Hong Kong Monetary Authority to tell customers whether their integrated accounts are covered by deposit protection. All banks have been told ... including overdraft facilities. The order to banks' chief executives was issued in a circular from the Monetary Authority yesterday and comes after the government introduced a full deposit ...

    http://www.scmp.com/article/668991/banks-told-clarify-deposit-protection-cover-customers
  9. Big banks join fray over term deposits

    Posted Jul 15th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong Hong Kong's big lenders have joined smaller competitors in the race to capture more term deposits by offering higher interest rates on new fixed accounts. Large banks take up the bulk of the city's deposit base. At the end of last year, Hang Seng Bank accounted for 12 per cent of the banking system's deposits. Smaller banks, on the other hand, have ...

    http://www.scmp.com/article/508283/big-banks-join-fray-over-term-deposits
  10. Deposit protection may encourage banks to take more risks, academic warns

    Posted Oct 15th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu The use of the Exchange Fund to provide full deposit protection may generate moral hazards as it will give incentives for banks to take more risks in order to earn higher ... by a deposit insurer or other government bodies. However, a government source said central banks had reached a consensus that efforts were needed to shore up financial institutions at this time ...

    http://www.scmp.com/article/656301/deposit-protection-may-encourage-banks-take-more-risks-academic-warns

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