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  1. Smaller mainland banks struggle for deposits

    Posted Apr 04th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Pulling in deposits continued to be a struggle for mainland banks in the first two months of the year, according to bankers and analysts. Lenders, especially ... that offer much higher returns. The president of China Merchants Bank, Ma Weihua, speaking at the Boao Forum, said that mainland lenders continued to face challenges in attracting deposits. Liu ...

    http://www.scmp.com/article/997385/smaller-mainland-banks-struggle-deposits
  2. Central bank lifts deposit, loan rates

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

    ... Jane Cai in Beijing The mainland's central bank yesterday raised benchmark deposit and lending interest rates for the first time in more than 33 months as it moved to dampen inflation. The People's Bank of China announced one-year deposit rate would increase to 2.5 per cent from 2.25 per cent, and the lending rate to 5.56 per cent from 5.31 per cent, effective from ...

    http://www.scmp.com/article/728048/central-bank-lifts-deposit-loan-rates
  3. Mid-sized lenders ask regulators to ease deposit ratio

    Posted Mar 15th 2012, 12:00am

    ... George Chen in Shanghai and Lulu Chen in Beijing Mid-sized mainland banks have urged the industry's regulator to ease loan-to-deposit ratios as they struggle to attract deposits and expand lending amid the broader economic slowdown. The banking regulator has set the loan-to-deposit ratio (LDR) for all commercial lenders at 75 per cent, which means they can lend no more than ...

    http://www.scmp.com/article/995550/mid-sized-lenders-ask-regulators-ease-deposit-ratio
  4. Wealth 'loans' warp deposits

    Posted Jul 01st 2011, 12:00am

    ... Charlene Chu said. Fitch said the risks in the products were high, but credit-backed wealth management products were frequently marketed as substitutes for bank deposits, and investors commonly ... Lulu Chen lulu.chen@scmp.com Squeezed by government loan curbs, mainland banks are enticing more investors to buy high-yield wealth management products, making it difficult to quantify ...

    http://www.scmp.com/article/972235/wealth-loans-warp-deposits
  5. HSBC, Citi units slash yuan deposit rates

    Posted May 23rd 2009, 12:00am by Staff Reporter

    ... Maria Chan The mainland units of both HSBC Holdings and Citigroup have cut their yuan medium-term deposit rates by more than half - and well below the central bank's benchmarks ... market-driven under the influence of foreign banks. HSBC Bank (China) reduced its two-year time deposit rate to 1 per cent, compared with the People's Bank of China's base rate of 2.79 per ...

    http://www.scmp.com/article/681191/hsbc-citi-units-slash-yuan-deposit-rates
  6. Lenders struggle to attract deposits

    Posted Nov 01st 2011, 12:00am

    ... years. About 80 per cent of 818 mainland bankers surveyed by the China Banking Association and PricewaterhouseCoopers said attracting deposits was their top priority in an environment where credit was tight and interest rates on deposits were low. Raymond Yung, PwC's financial services leader for China, said the central bank's frequent increases in reserve requirement ...

    http://www.scmp.com/article/983552/lenders-struggle-attract-deposits
  7. Divert deposits to equities, adviser says

    Posted Dec 03rd 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai An adviser to the central bank suggested Beijing divert most of the country's massive banking deposits to develop the capital markets, giving the troubled stock ... could help avoid risks in the nation's financial system. 'It is necessary to develop the capital markets so that the deposits can be directed from banks,' he said. 'In ...

    http://www.scmp.com/article/732305/divert-deposits-equities-adviser-says
  8. 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 ... 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: ...

    http://www.scmp.com/article/663960/less-zero-how-deposit-rates-could-turn-negative
  9. Lenders may copy rate move at HSBC

    Posted Jun 17th 2006, 12:00am by Staff Reporter

    ... HSBC's decision this week to offer a 5.1 per cent interest rate on time deposits. Industry watchers yesterday said other lenders were likely to follow the bank's lead in enticing customers ... clients must open a foreign currency time deposit at the same time. Sunny Cheung Yiu-tong, head of consumer banking and a director at DBS Bank (HK), said the market anticipated that other lenders ...

    http://www.scmp.com/article/553080/lenders-may-copy-rate-move-hsbc
  10. Beware, it bites

    Posted Jun 18th 2009, 12:00am by Jake Van Der Kamp

    ... to express their great joy that their bank deposits may now be guaranteed to a maximum of HK$500,000, up from HK$100,000. Let us all cheer the Hong Kong Deposit Protection Board. But you do have to wonder why this should engender quite so much joy. In the first place, there is little reason to leave HK$500,000 in a bank deposit when interest rates are so low that you need a microscope ...

    http://www.scmp.com/article/683942/beware-it-bites

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