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  • November 26, 2014
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  1. Schroders to link up with Bocom

    Posted Jun 04th 2005, 12:00am by Jamil Anderlini

    ... will encourage domestic lenders to begin channeling money away from bank deposits and into the ailing equity markets. The nation's stock markets, which suffer from a shortage of institutional ... deposits. Credit Suisse First Boston is also awaiting government approval to set up a fund management company with the nation's biggest bank, ICBC, and China Cosco Holdings, the country's ...

  2. Guaranteed funds offer investors a stake in the mainland

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

    ... in bank deposits. With buoyant sentiment in the equities markets and a strong economic recovery, the trend for the structured guaranteed products this year would be more equity-linked ... telecommunications; consumer and retail; energy and basic materials; banking and financial services; property and conglomerate; and transport and travel industries. ING Investment Management is also launching ...

  3. Restaurant shuts again, owing $1m in unpaid wages

    Posted Jul 06th 2005, 12:00am by Agnes Lam

    ... of Wages on Insolvency Fund. They want the government to pay the workers,' he said. The union repeated its demand that restaurant owners pay a minimum bank deposit against any default wage ...

  4. Business Digest

    Posted Jul 01st 2005, 12:00am by Staff Reporter

    ... cent stake. 'The government wants to divert more bank deposits to the capital market,' said Qiu Zhicheng, a banking analyst at Xiangcai Securities. 'One advantage is that banks ... banks, had sold bad assets with a book value of 700.8 billion yuan by the end of the period, the newspaper said. Reuters GERMAN BANK OPENS INVESTMENT OFFICE Dresdner Kleinwort Wasserstein has ...

  5. Alliance taps Ping An for foothold in mainland

    Posted Jan 31st 2005, 12:00am by Enoch Yiu

    ... to boost investment returns for mainland insurers, which traditionally have been forced to park their assets in low-yield domestic bank deposits, bonds and mutual funds, leading to a potentially ... holding company as it now controls insurers, a bank and a trust and investment firm in addition to a securities brokerage. Mr Sanders said he could not disclose terms nor a timetable as regulatory ...

  6. GE Money eyes bank to move into retail market

    Posted Oct 28th 2004, 12:00am by Staff Reporter

    ... to rival the likes of Citigroup and HSBC. Under Hong Kong Monetary Authority regulations, an RLB needs to accumulate a minimum of $3 billion in deposits in order to qualify as a licensed bank. RLBs face more stringent business limitations than licensed banks. For example, they can only take deposits with a minimum size of $500,000. The RLB banking segment is in decline. According ...

  7. The Ascent of Money

    Posted Nov 16th 2008, 12:00am by Sean Kennedy

    ... of explaining how simply money supplies can come unravelled. He cites Harvard Business School, where first-year students watch while a 'notional' US$100 is deposited with a bank and then goes back into circulation. After three deposits, the US$100 has turned into US$271 (cash in circulation plus demand deposits). It is established banking practice, but it comes unstitched ...

  8. Latest yuan rush may not be a fast road to riches

    Posted Aug 15th 2010, 12:00am by Enoch Yiu

    ... curiously, is an early yuan enthusiast and has had a yuan deposit since 2008. 'The banks were then offering more than 3 per cent interest on 12-month yuan deposits- higher than what any Hong ... in simple yuan time deposits in 2004- when Hong Kong people were first allowed to have simple yuan deposits in banks- have made a killing as the yuan has been rising by an average of 20 per cent ...

  9. HSBC boosts presence with more village banks

    Posted Aug 31st 2009, 12:00am by Staff Reporter

    ... continue to fall. The village banks' operations are limited to taking only small deposits and making small loans. Since HSBC opened the first of the foreign-funded village banks ... offering insurance and corporate banking products in addition to small deposit and loan services. Aside from its current village bank network, HSBC now owns 89 outlets, including branches ...

  10. New gold rush hits mainland

    Posted Dec 15th 2004, 12:00am by Mark O'Neill

    ... in simple bank deposits. This year thousands have reduced or closed their US dollar savings accounts in favour of yuan-denominated accounts because they expect a revaluation of their currency. ... individuals can trade gold through state-owned banks. Bank of China and other financial institutions offer investment schemes that allow individuals to trade the metal over the phone and the internet. ...




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