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  • November 26, 2014
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  1. Treasury bill sale falls short of target

    Posted Nov 27th 2010, 12:00am by Staff Reporter

    ... the new reserve requirement. 'If M2 sees a relatively sharp decline next year, pressure on banks' deposit growth will eventually appear,' Mao said. The growth of M2, a money supply measure that includes cash and bank deposits, quickened to 19.3 per cent year on year last month from 19 per cent in September. The government is widely expected to curtail M2 and loan growth ...

  2. Troubled car insurer handed to liquidators

    Posted May 09th 2009, 12:00am by Staff Reporter

    ... and an accountant. They have been released on police bail. The administrators found misstatements including a bank deposit of HK$189 million that could not be substantiated. Mr Cheung said policies issued ...

  3. Moulin awaits final count of staff cuts

    Posted Jul 02nd 2005, 12:00am by Staff Reporter

    ... to an announcement from Moulin dated June 20, company bank deposits amounted to only $40 million, not $90 million as previously mentioned. ... reported that Moulin's mainland staff have not been paid for several months. The liquidation of Moulin comes in the wake of 29 banks, led by HSBC Holdings, seeking to reclaim at least $2.4 ...

  4. Less than zero: how deposit rates could turn negative

    Posted Dec 16th 2008, 12:00am by Tom Holland

    ... at least, Hong Kong's interest rates could even drop below zero. In practical terms, that means the city's banks would begin charging us for depositing our money. Happily, the probability ... the economy against overheating and inflation caused by heavy fund inflows. Among the measures designed to encourage funds to flow out again was a charge on bank deposits of more than HK$1 million: ...

  5. 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 ...

  6. Old loans, new loans- same old problem

    Posted Feb 02nd 2004, 12:00am by Laurence Brahm

    ... deposits, they will move their money and the banks will collapse. That is why the state is frantically trying to recapitalise and list the big four, as World Trade Organisation conditions require ... four' state-owned commercial banks, in readiness for an ambitious international public listing schedule, beginning this year. However, recapitalisation does not necessarily solve the banks ...

  7. Nervous banks squeeze yoga centres' funds

    Posted Jan 17th 2011, 12:00am by Amy Nip

    ... months has made banks lose faith in yoga centres and other service industries. They are demanding large security deposits, or collateral, from such businesses- to compensate customers who pay fees in advance using the banks' credit cards, should the businesses close down. Yet yoga industry veterans warn that these security deposits are causing a vicious cycle ...

  8. China Life gets $27.8b lift

    Posted Nov 22nd 2003, 12:00am by Christine Chan

    ... of cash, bank deposits, securities and buildings. Inherited liabilities include 44 million individual and group life insurance policies, annuity contracts and long-term health insurance policies. ... offices in China and another 78,000 non-dedicated intermediaries such as banks and post offices. Last year, gross premiums and policy fees amounted to 47.07 billion yuan- more than twice the 2000 ...

  9. Bank staff paying the price after millions disappear

    Posted Apr 20th 2005, 12:00am by Celine Sun

    ... Celine Sun At least 13 employees of a Bank of China sub-branch in Heilongjiang have been fired or relieved of their duties since the bank reported the theft of millions of yuan in deposits by its manager early this year. Bank of China spokesman Wang Zhaowen was yesterday quoted by the Beijing Youth Daily as saying that Gao Shan, manager of the Hesong St sub-branch in Harbin, ...

  10. Stanley residents want bank to stay

    Posted Oct 23rd 2009, 12:00am by Celine Sun

    ... Kit-yin, 74, said many elderly people such as himself relied on the bank to take out or deposit money, cash cheques and get the monthly 'fruit money' granted by the government. 'If ... Celine Sun Stanley residents fear a renovation project at Stanley Plaza will force the only bank in the district to move out. About 100 residents gathered at the Stanley community hall ...




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