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  • October 31, 2014
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  1. Business - Banking & Finance

    Banks need a deposit protection scheme

    Posted Sep 01st 2012, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Bank chairman makes remarks amid fears of deteriorating asset quality of lenders Banks need a deposit protection scheme The mainland needs to establish a deposit insurance system as it liberalises its interest rate regime, Bank of Shanghai chairman Fan Yifan said yesterday. The remarks by Fan, who is also a vice-president ...

  2. Creative currency solutions make yuan deposits hot in HK

    Posted Sep 11th 2010, 12:00am by Shirley Yam

    ... and better returns. Three, the bank's Shenzhen subsidiary will pay any yuan bill or salary with the firm's yuan deposit in Hong Kong. No deal-by-deal government approval is required. ... that would provide higher returns than an ordinary bank deposit. 'It's a no-brainer,' said the financial controller. You might imagine he has jumped for the deal. No. 'I am still ...

  3. 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 ...

  4. News - China

    Banks will have bigger say in setting interest rates

    Posted Nov 09th 2012, 12:00am by JANE CAI

    ... in the next few years. Banks can give borrowers a discount of up to 20 per cent on the benchmark lending rate and depositors up to 10 per cent more than the benchmark deposit rate. Li Lihui, president ... of the banking sector and that banks were making money too easily. The current one-year benchmark lending rate is 6 per cent and the deposit rate is 3 per cent, leaving a spread of 3 percentage points ...

  5. The strain starts to show as China's banks face squeeze

    Posted Dec 06th 2011, 12:00am

    ... Tom Holland For decades China's growth has been powered by investment, and that investment has been financed by the country's banks from their vast deposit base, the captive savings of China's people. For years the flow of money into bank deposits was so great that it made little difference to the banks' ability to meet their own obligations whether ...

  6. Banking on a convergence of talent

    Posted Oct 01st 2011, 12:00am

    ... for job-seekers with international trade as well as mainland banking and finance experience. At end-2009, RMB bank deposits stood at just over 60 billion yuan (about HK$73 billion). By end-July, ... Hilda Poon China's longer-term internationalisation and full convertibility of its currency have spurred the money market in Hong Kong so much that deposits in Chinese renminbi have ...

  7. Reformers aiming to achieve bank liberalisation by stealth

    Posted Apr 03rd 2012, 12:00am

    ... it to. They say it performs a vital dual function, allowing savers to earn higher returns than they can get on conventional bank deposits, and channelling much-needed capital to a private sector ... funded by keeping interest rates artificially low, which has allowed the banking system to channel capital from captive savings deposits to state companies at lending rates scarcely above ...

  8. Business - Banking & Finance - BANKING

    Mainland China banks stay put on mortgage rates and down payment requirement

    Posted Mar 15th 2013, 12:00am by JANE CAI, Kwong Man-ki

    ... Jane Cai and Kwong Man-ki in Beijing Requirement on down payment also remains unchanged after new property measures Mainland lenders stay put on mortgage rates Mainland banks have yet ... the second half of last year, the State Council has endorsed the People's Bank of China to raise down-payment requirements and mortgage rates for second-home buyers of properties in cities where ...

  9. Business - Banking & Finance - DEBT

    Danger lurks in China's shadow banks, says Fitch

    Posted Apr 11th 2013, 12:00am by JANE CAI

    ... access credit through [those] channels, or simply trying to push things off the bank's balance sheet so they can be in compliance with the required loan-to-deposit ratio. "Because ... Jane Cai in Beijing xuejun.cai@scmp.com Agency warns mainstream lenders are at risk from complex web of dependence on dicey loans Danger lurks in China's shadow banks, says Fitch ...

  10. Comment - Insight & Opinion

    Now is the right time for interest rate reforms in China

    Posted May 16th 2013, 12:00am by Hu Shuli

    ... and financial products, plus deposit and lending rates for domestic and foreign currencies, the central bank now manages only the upper limit on deposit rates and the lower limit for lending rates, ... of currencies. Still, the hardest parts of rate reform remain: to further relax and gradually end management of deposit and lending rates; and reduce and eventually end the central bank's role ...




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