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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. 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 ...

  3. 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 ...

  4. 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 ...

  5. 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 ...

  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. ...

  7. 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 ...

  8. Details of deposit protection scheme review to be released next year

    Posted Oct 23rd 2008, 12:00am by Dennis Eng

    ... Dennis Eng The independent body overseeing the deposit protection scheme in Hong Kong will announce possible improvements to the scheme's coverage and protection of depositors by the first quarter of next year. Public and industry consultations will be conducted afterwards. The Hong Kong Monetary Authority is helping with the Hong Kong Deposit Protection Board's review. ...

  9. HK yuan deposits grow to 300b yuan

    Posted Jan 19th 2011, 12:00am by Lulu Chen

    ... centre, it would be quite dangerous,' said Leung. Yuan deposit interest rates in Hong Kong are still much lower than onshore interest rates on the mainland, as banks have little room to raise ... That means foreign and local demand is still high, which in return reduces the need for Hong Kong banks to raise deposit interest rates, said Citi. Banks, however, said recently that the spreads ...

  10. Yuan deposits rise 15.6pc to 103.7b yuan

    Posted Sep 01st 2010, 12:00am by Enoch Yiu

    ... institutions to open yuan bank accounts and allowed individuals to transfer yuan to and from them. The yuan deposits represent 3.9 per cent of all foreign-currency deposits in the city. ... Enoch Yiu Mainland currency deposits in Hong Kong grew to 103.7 billion yuan (HK$118.4 billion) at the end of July, up 15.6 per cent month on month, according to the Hong Kong Monetary ...




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