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  1. HK guarantees all bank deposits

    Posted Oct 15th 2008, 12:00am by Staff Reporter

    ... Maria Chan Blanket protection for savers, recapitalisation fund set up to boost faith in city banks The Hong Kong government will guarantee all bank deposits for two years and provide more ... guarantee the deposits of all 28 local banks, amounting to about 228.4 billion patacas. Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong said the fact other governments had already ...

    http://www.scmp.com/article/656315/hk-guarantees-all-bank-deposits
  2. Business - Banking & Finance - CURRENCIES

    Yuan deposits set to leap to one trillion by end of 2013

    Posted Feb 01st 2013, 12:00am by Charlotte So

    ... in Qianhai can borrow yuan from banks in the city, Hang Seng Bank says. The pool of yuan deposits in Hong Kong rose 5.6 per cent last month from November to 603 billion yuan. It has surged from less ... economist of Hang Seng Bank, said: "Hong Kong's offshore yuan deposits could grow at a faster pace, reflecting an expected rebound in cross-border trade settlement flows and potentially ...

    http://www.scmp.com/business/banking-finance/article/1140632/yuan-deposits-set-leap-one-trillion-end-2013
  3. Central bank increases deposit rates

    Posted Aug 23rd 2005, 12:00am by Staff Reporter

    ... the central bank said in a statement posted on its website. The one-month US and Hong Kong dollar deposit rates will go up 0.25 percentage point to 1.25 and 1.125 per cent respectively, while the three-month deposit rates rise by 0.375 percentage point to 1.75 and 1.625 per cent, respectively. This is the third round of interest rate increases this year and the second since the central bank ...

    http://www.scmp.com/article/513254/central-bank-increases-deposit-rates
  4. 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 ...

    http://www.scmp.com/article/998352/citic-bank-sees-rise-yuan-deposits
  5. In Brief

    Posted Oct 17th 2008, 12:00am by Staff Reporter

    ... Guarantee on bank deposits temporary, says Joseph Yam Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong said the blanket guarantee on all bank deposits in Hong Kong ... all deposits using the assets of the Exchange Fund, then in the event of a bank failure the shortfall of assets over deposit liabilities would be small, he said. Standard Chartered cuts GDP ...

    http://www.scmp.com/article/656622/brief
  6. Deposits are safe with us, says board

    Posted Sep 21st 2011, 12:00am

    ... Jennifer Ngo jennifer.ngo@scmp.com Hongkongers can rest assured their savings are secure, say those running a banking safety-net scheme. The Hong Kong Deposit Protection Board said ... to provide a safety net for the city's bank deposits. The board's scheme covers all 149 licensed banks and automatically covers all regular and secured deposit accounts in any currency. ...

    http://www.scmp.com/article/979686/deposits-are-safe-us-says-board
  7. HKMA rejects inflation-linked protection

    Posted Sep 18th 2003, 12:00am by Enoch Yiu

    ... The Hong Kong Monetary Authority (HKMA) has rejected a proposal by legislators to link bank deposit insurance coverage to inflation or economic growth. Bank customers would receive up to HK$100,000 each in deposit protection should their bank collapse under a plan being considered to start in 2005. Legislators yesterday called on the government to consider a system of adjusting ...

    http://www.scmp.com/article/428309/hkma-rejects-inflation-linked-protection
  8. New products

    Posted Jul 11th 2004, 12:00am by Staff Reporter

    ... bank deposit rates up to one year are currently less than 1 per cent,' she says. The bonds are denominated in Hong Kong dollars in minimum lot sizes of $50,000. They will pay a semi-annual ... provide a relatively high rate of return when compared to fixed deposits or cash deposits without the capital risk that comes with the equity markets. The subscription deadline for the two retail ...

    http://www.scmp.com/article/462715/new-products
  9. HK's deposit protection woefully inadequate

    Posted Oct 08th 2008, 12:00am by Tom Holland

    ... resources to compensate depositors should two of the city's mid-sized banks fail simultaneously, the ceiling on insured deposits- HK$100,000 per customer per bank- is derisory by international ... to #50,000 effective from yesterday. In Ireland and Germany, local banking authorities have announced blanket protection, regardless of deposit amounts. Yet in Hong Kong, despite the run on Bank ...

    http://www.scmp.com/article/655356/hks-deposit-protection-woefully-inadequate
  10. PBOC boosts yuan's rate appeal

    Posted Feb 03rd 2004, 12:00am by Enoch Yiu

    ... Enoch Yiu Central bank offers 0.99pc interest to Hong Kong's clearing lender Yuan deposits became more attractive to Hong Kong bank customers yesterday after the People's Bank ... interest on their Hong Kong dollar savings accounts, to shift their money to yuan deposits. Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong told legislators that Hong Kong banks ...

    http://www.scmp.com/article/443183/pboc-boosts-yuans-rate-appeal

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