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  • September 19, 2014
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  1. Higher deposit rates the solution, not stronger yuan

    Posted Dec 28th 2007, 12:00am by Tom Holland

    ... will not be able to make up for higher wage costs, and higher broad-based inflation will follow. The danger now is that with bank deposit rates lower than the inflation rates, consumers have every ... is not for China to tinker with the yuan's exchange rate but for the central bank to jack up deposit rates aggressively so they provide a real return above the inflation rate. The alternative could ...

  2. Rate rise will lift mainland bank earnings

    Posted Oct 21st 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Mainland banks are expected to benefit from the country's first interest rate increase since 2007 because of wider margins as the demand deposit rate has been kept unchanged. Profits at 11 publicly traded mainland banks might increase by between 3.9 per cent and 7.4 per cent after the People's Bank of China unexpectedly lifted benchmark deposit and lending ...

  3. Sharp fall in mainland bank loans amid curbs

    Posted Sep 03rd 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The four largest mainland banks disbursed a total of 140 billion yuan (HK$170.8 billion) in new loans last month, markedly lower than in previous ... according to bankers with direct access to the data. New loans at Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China usually account ...

  4. Banks give out 587.7b yuan in new loans

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

    ... Jane Cai in Beijing Banks on the mainland extended 587.7 billion yuan (HK$685.57 billion) in new loans denominated in yuan last month, which was an unwelcome surprise to an economy grappling with rising inflation. Outstanding loans at the end of October stood at 49.7 trillion yuan, climbing 19.1 per cent year on year, according to the People's Bank of China (PBOC). ...

  5. PBOC raises banks' reserve ratio further

    Posted Nov 20th 2010, 12:00am by Staff Reporter

    ... soaring inflation. The People's Bank of China announced last night that all banks were required to set aside an additional 0.5 per cent of total deposits. They would be locked up from ... of the PBOC.' The reserve requirement ratio is the percentage of total deposits that a bank locks up and cannot lend. A higher reserve ratio helps soak up capital to stop it from sloshing around ...

  6. More tightening expected as Beijing fights inflation

    Posted Apr 07th 2011, 12:00am

    ... inflationary pressures for the next two or three months, analysts warn. Economists expect Beijing to raise banks' reserve ratio- the proportion of deposits they are required to keep on hand- ... Capital Corporation, said the move reflected the central bank's intention to maintain the current net interest margin. Usually when interest rates rise for both loans and deposits ...

  7. Drought a reminder that it never rains but it pours

    Posted Feb 10th 2011, 12:00am by Tom Holland

    ... The latest rise was the third since October last year, and came just weeks after the mainland authorities instructed banks to lock away a greater proportion of their deposits as reserves. Clearly, ... of rate rises was clearly intended to persuade savers to leave their money in the bank. But considering that deposits across the maturity curve are still paying interest rates well below ...

  8. Prices ease but PBOC aim stays on inflation

    Posted Sep 13th 2011, 12:00am

    ... by Bloomberg as saying. According to the central bank, M2- a money supply measure that includes cash and all deposits- grew 13.5 per cent compared to last year, the lowest since October 2004. ... might not be as tight as data suggested because the widespread use of wealth management products by commercial banks had drawn in a significant portion of deposits. 'We are now studying ...

  9. Second interest rate cut in month

    Posted Jul 06th 2012, 12:00am

    ... the lending and deposit rates were cut by 25 basis points. Beijing also granted banks more flexibility to set their rates to boost loan demand. The ECB cut rates below 1 per cent for the first time, ... Lulu Chen lulu.chen@scmp.com China made a surprise move yesterday to cut interest rates for the second time in a month. At the same time, the European Central Bank cut interest rates ...

  10. Scandal of HK's vanishing savings

    Posted Nov 27th 2011, 12:00am

    ... average (for the bottom half of Hong Kong households) was 7.6 per cent and the average interest rate on savings deposits was 3.8 per cent; in the 1980s, the CPI was 8.9 per cent and the interest ... years. Savings accounts are not only the largest single part of the Hong Kong dollar deposits base, they have been the principal savings medium for lower-income groups. Even assuming that some ...




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