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  1. Raise deposit protection to HK$500,000, board says

    Posted Apr 28th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan A government agency has proposed lifting the ceiling on Hong Kong's bank deposit protection to HK$500,000. As reported by the South China Morning Post last ... that is cost-effective, provides protection for depositors and prevents moral hazard in banking,'' Mr Li said. The deposit insurance scheme, launched in 2006 and funded by the banks, offered up ...

    http://www.scmp.com/article/678387/raise-deposit-protection-hk500000-board-says
  2. The gaping hole in HK's blanket deposit guarantee

    Posted Nov 13th 2008, 12:00am by Tom Holland

    ... with Tom Holland If you think your Hong Kong bank deposits are fully guaranteed under the blanket deposit protection scheme announced last month by Financial Secretary John Tsang Chun-wah, ... customer deposits' held in the city. Rattled by September's run on the Bank of East Asia and unnerved that the scheme had previously covered only combined deposits of up to HK$100,000 ...

    http://www.scmp.com/article/659883/gaping-hole-hks-blanket-deposit-guarantee
  3. Safe deposit box rules unfair, says watchdog

    Posted Nov 16th 2004, 12:00am by Vivienne Chow

    ... The Consumer Council yesterday criticised banks for providing harsh contract terms for safe deposit boxes and insufficient relevant information for customers. The criticisms came after a council's survey found 16 of the 21 banks approached contained statements in their contracts on safe deposit boxes that they would not be liable for any loss or damage. The survey - conducted ...

    http://www.scmp.com/article/478279/safe-deposit-box-rules-unfair-says-watchdog
  4. Public to have say on more deposit protection

    Posted Mar 07th 2009, 12:00am by Peter So

    ... Peter So A public consultation will be launched next month on extending deposit protection scheme coverage to integrated bank accounts that offer overdraft facilities on a secured basis, ... scheme- a temporary measure introduced in October to protect depositors from bank failures. Under the Deposit Protection Scheme Ordinance, deposits that are secured against other assets ...

    http://www.scmp.com/article/672350/public-have-say-more-deposit-protection
  5. 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
  6. 'Heritage' mansion perfect for a dim sum tourist hang-out

    Posted Sep 05th 2010, 12:00am by Jake Van Der Kamp

    ... depositors. If the bank in which they make their deposits goes bust they will still be the first to get their money back, after wages and taxes are paid, but they will not be guaranteed full payment ... They nationalise one side of that balance sheet by guaranteeing deposits. The depositors then don't really care in which bank they place their deposits. These deposits are safe. All they look ...

    http://www.scmp.com/article/723878/heritage-mansion-perfect-dim-sum-tourist-hang-out
  7. Bank deposit protection not the whole answer

    Posted Oct 06th 2008, 12:00am by Staff Reporter

    ... Deposit protection for Hong Kong bank customers followed the 1998 Asian financial crisis. No locally licensed banks failed then, though we might never know how close any came. The Hong Kong Monetary Authority backed the idea, but it so bitterly divided banks that it was not introduced until 2006. Now, just two years later, pressure is building to raise the cap on our deposit ...

    http://www.scmp.com/article/655188/bank-deposit-protection-not-whole-answer
  8. HSBC to cut yuan deposit savings rates from today

    Posted Aug 09th 2011, 12:00am

    ... Enoch Yiu HSBC will cut its savings rate for yuan deposits to 0.25 per cent from today, down from 0.45 per cent. A bank spokesman said the cut was to move HSBC in line with the market as other banks had already made similar cuts in their yuan savings rates. Many local lenders cut their saving rates for yuan deposits in April after the People's Bank of China reduced ...

    http://www.scmp.com/article/975760/hsbc-cut-yuan-deposit-savings-rates-today
  9. Land-banking paying more than deposits

    Posted Jan 04th 2004, 12:00am by Chris Oliver

    ... 'A lot of people invest with us because of the potential return,' she says. 'Bank deposits are giving 0.1 per cent yearly, while land banking means potentially much higher ... new real-estate scheme in the midst of the flat Canadian prairie. Unit sales in projects marketed by the Canadian land-banking giant Walton International Group have nearly doubled in the past ...

    http://www.scmp.com/article/439919/land-banking-paying-more-deposits
  10. Depositors pay the price as lenders show little interest

    Posted Dec 18th 2004, 12:00am by Staff Reporter

    ... they see these days. There are now so many options to bank deposits, some with more or less the same risk levels, that the problem is picking the one with the best returns. We have talked about ... I propose we turn to our business community for a change, given that Hong Kong banks this week yet again showed us a perfect example of how to say no to America. Mindful of the $16 billion aggregate ...

    http://www.scmp.com/article/482613/depositors-pay-price-lenders-show-little-interest

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