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  1. Top banks raise deposit rates

    Posted Apr 08th 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling Hong Kong's top four deposit-taking banks have raised interest rates offered on fixed-term deposits, but, even after adjustments ranging from five to 25 basis points, the new rates remain well below those offered by smaller banks. The biggest bank, HSBC, lifted its fixed deposit rates by 25 basis points across the board. It raised annualised interest paid ...

  2. Please pass the buck and carry a soft stick

    Posted Oct 10th 2003, 12:00am by Jake Van Der Kamp

    ... YEARS AGO, WHILE working in the stockbroking arm of a local bank that had just appointed a new managing director, I happened to be sitting near the stage at the bank's annual dinner, a big banquet with at least 50 tables. One of the features of the night was the Miss --- ---- Bank Contest with three shows, evening wear, swimwear and casual wear (I shall not give you ...

  3. Beijing mulls two-track plan for foreign banks

    Posted Jul 04th 2006, 12:00am by Staff Reporter

    ... Bei Hu Only locally incorporated operations to benefit from deposit insurance scheme China is considering a dual-track system to regulate foreign banks after the full opening of its ... that incorporate in the mainland as legal entities would be eligible for the protection of the deposit insurance scheme, said Liu Mingkang, chairman of the China Banking Regulatory Commission. Until now, ...

  4. Smaller mainland banks struggle for deposits

    Posted Apr 04th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Pulling in deposits continued to be a struggle for mainland banks in the first two months of the year, according to bankers and analysts. Lenders, especially ... that offer much higher returns. The president of China Merchants Bank, Ma Weihua, speaking at the Boao Forum, said that mainland lenders continued to face challenges in attracting deposits. Liu ...

  5. Banks struggling to attract deposits

    Posted May 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong banks could come under pressure as deposit costs have been rising. A banker said this could hit their net interest margin (NIM), a measure ... at the bank's annual general meeting that it was among the many lenders in Hong Kong that had been aggressively seeking deposits in recent months with incentives such as higher interest rates. Though ...

  6. Expensive loans and loss of deposits hit smaller banks

    Posted Apr 21st 2011, 12:00am

    ... big and small are paying more for deposits than they can borrow on the interbank market is 'an anomaly', he said, noting that the banks were pursuing this strategy partly to keep their loan-deposit ratios in check. Adding to the pressure, 'many banks, especially mainland banks, have stepped up lending and funds gathering efforts in Hong Kong' in the past six months or so, ...

  7. Macau bank run wanes, with new deposits made

    Posted Sep 19th 2005, 12:00am by Freda Wan

    ... after the city's chief executive took measures to restore customers' confidence. In contrast to long queues of panicking customers seen on Friday and Saturday, the bank's branch at the Casino Lisboa, which opened for six hours yesterday afternoon, was visited only by occasional customers. Some even came to make new deposits. The run was triggered by allegations from the US ...

  8. Deposit gains lift Liu Chong Hing Bank

    Posted Aug 17th 2006, 12:00am by Staff Reporter

    ... Maria Chan Liu Chong Hing Bank, a family-run lender, said first-half net profit rose 30 per cent on increased deposits and interest income. Net profit for the six months to June rose ... branches and hiring more staff as it profits from the growing local economy and increased stock market activity that has pushed the Hang Seng Index up 17 per cent this year. The bank ...

  9. Business - Banking & Finance - EARNINGS

    Competition for deposits to weigh on BOCHK

    Posted Aug 30th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Profit rises marginally at the bank amid intense competition from smaller lenders who offer higher interest rates on deposits Scramble for deposits set to weigh on BOCHK Intensified competition for deposits is likely to cast a cloud over returns on lending at BOC Hong Kong (Holdings)- BOCHK- for the rest of the year, the bank's chief executive said ...

  10. Talk of higher yuan deposit rates 'untrue'

    Posted Mar 23rd 2011, 12:00am by Lulu Chen

    ... details with banks and planned to raise interest rates for yuan deposits in Hong Kong. However, HKMA spokeswoman Anissa Wong later told Bloomberg that the report suggesting the People's Bank of China would increase returns on yuan deposited in Hong Kong's clearing bank was incorrect. Several bankers told the South China Morning Post they had heard about the speculation, ...




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