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  1. 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 ...

  2. Some impact on yuan deposits seen

    Posted May 07th 2008, 12:00am by Staff Reporter

    ... dollar deposits yield almost zero return while the yuan is expected to continue strengthening. On Monday, Bank of China (Hong Kong), the city's yuan clearing bank, widened the spread between ... Maria Chan The higher cost in yuan exchange services after a wider buy-sell spread will have some psychological impact on local depositors, although the interest payable on yuan deposits ...

  3. BOCHK grabs lion's share of yuan savings deposits

    Posted Mar 09th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong Bank of China (Hong Kong) has won the lion's share of yuan deposits since Hong Kong lenders were permitted to offer yuan services two weeks ago. Since February 25, BOCHK ... The banks said most of the yuan deposits were made from Hong Kong dollar conversions. BOCHK did not say how many of its yuan accounts were opened with converted Hong Kong dollars, but Hang Seng said ...

  4. Yuan deposit growth slowing

    Posted Nov 04th 2011, 12:00am

    ... to benefit. Banks rely on earning a spread between their deposits and loans, but they have had only limited opportunities in yuan lending, analysts say. In the past, taking on more yuan deposits meant ... with ANZ Research. He still thought Hong Kong could hit the 700 billion yuan deposit level by the end of this year. Bank of China (Hong Kong) for example, said its lending profitability ...

  5. Yuan deposits reach 510 billion

    Posted May 31st 2011, 12:00am

    ... enterprises into banks in Hong Kong to pay for imports of goods and services, rather than conversion from Hong Kong dollars by Hong Kong companies', Chan said. Two-thirds of the yuan deposits in Hong Kong are from corporate clients, while the rest are from personal customers, according to the city's de-facto central bank. Yuan deposits rose 750 per cent to 510 billion yuan ...

  6. Hang Seng yuan deposits surge after revaluation

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

    ... Foster Wong The revaluation of the yuan has sparked a surge in new yuan deposit accounts at Hang Seng Bank with customers hoping to ride on the currency's further potential rise. According to vice-chairman and chief executive Raymond Or Ching-fai, the bank's daily yuan deposit balance jumped to about $50 million on Friday, a day after Beijing effectively revalued its ...

  7. Corrections & clarifications

    Posted Apr 07th 2011, 12:00am

    ... In the B2 article on April 6 'Yuan deposits could put pressure on corporate rates', Hang Seng Bank head of corporate and commercial banking Nixon Chan Lik-sang was incorrectly reported as saying Hong Kong Monetary Authority restrictions meant banks can only lend out 70 per cent of their deposits. This was incorrect as the restriction is based on current common practice ...

  8. Bank halts mainland yuan service

    Posted Apr 30th 2008, 12:00am by Staff Reporter

    ... Maria Chan Wing Hang Bank, one of the first local banks to offer a service making it easier for Hong Kong customers to hold yuan deposits on the mainland, has stopped offering the service ... with mainland banks because they pay much higher interest than Hong Kong banks pay on yuan or Hong Kong dollar deposits. Last night Bank of East Asia, which started one-stop mainland yuan deposit ...

  9. Banks' loan growth set to slow this year

    Posted May 24th 2011, 12:00am

    ... in the banking industry, if necessary. 'For some banks, we consider the pursuit to be overly optimistic in their assumptions in the growth of deposits, something my colleagues in the banking ... Lulu Chen lulu.chen@scmp.com Hong Kong banks have indicated they will slow loan growth for the rest of the year but some might have to moderate expansion even further because ...

  10. HKMA: banking outlook remains bright with overseas collaboration

    Posted Sep 16th 2011, 12:00am

    ... May Chan may.wychan@scmp.com The future of Hong Kong's banking industry remains bright if local lenders are willing to collaborate with overseas banks in offshore yuan trading, said ... 'How do we access the market for small- and medium-sized companies? They may go to banks in London. If the banks in Hong Kong work with their counterparts in London in providing the yuan ...




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