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  1. Shenzhen puts stop to deposit help

    Posted May 21st 2008, 12:00am by Sandy Li

    ... had offered to pay half of the deposit on behalf of buyers, and take delayed payment of the balance when the apartments are delivered- usually some six to nine months later. But the Shenzhen ... and Housing Management ordered developers to stop offering preferential terms and informed banks not to provide loans to the property firms engaged in the marketing scheme. Feng Yonghen, a researcher ...

  2. News - China - BANKING

    Hong Kong banks may extend yuan loans to firms in Shenzhen's Qianhai zone

    Posted Dec 28th 2012, 12:00am by Sandy Li

    ... deposits rose 1.5 per cent. The interest rates and tenure of loans taken by Qianhai companies from Hong Kong banks should be determined by the parties involved, the PBOC said. Hong Kong would play ... Sandy Li sandy.li@scmp.com Yuan loans from HK for firms in Qianhai Firms in Shenzhen's Qianhai development zone will be allowed to borrow directly from Hong Kong banks in yuan, ...

  3. Shenzhen bank profit doubles to 535m yuan

    Posted Apr 26th 2007, 12:00am by Staff Reporter

    ... lending rates three times in the past year while deposit rates rose only twice, making loans more profitable for banks. '[Shenzhen Development Bank has] carved out a niche in personal loans ... quarter from a year earlier. Total lending increased 19 per cent in the first quarter from a year earlier, the company said. It did not provide a first-quarter figure for deposits. The bank ...

  4. Hongkongers look across border to cash in on yuan

    Posted Mar 25th 2008, 12:00am by Fox Yi Hu, Martin Wong

    ... deposits in Hong Kong grew 7 billion yuan (HK$7.72 billion) in January to 40.4 billion yuan, but no statistics exist on the amount of yuan Hongkongers hold across the border. Various banks in Hong ... opening,' HSBC said. But Wing Hang Bank customers have to visit its Shenzhen outlets to open yuan accounts. The yuan deposit rates offered by Hong Kong banks are not in the same league as those ...

  5. Mid-sized mainland banks could have difficulty raising funds in HK

    Posted May 07th 2011, 12:00am

    ... Lulu Chen Mid-sized mainland-listed banks are poised to come to Hong Kong with capital-raising issues in the next few months, but local investors may have little stomach for buying shares at a premium to the price of their home-market shares, experts warn. Shanghai-listed China Everbright Bank received approval from the China Banking Regulatory Commission this week to launch a public ...

  6. Agencies attempt to restore ruined image

    Posted Feb 20th 2008, 12:00am by Sandy Li

    ... In response, the government nominated a select group of banks as the third party to hold customer deposits and the Shanghai, Beijing, Guangzhou and Shenzhen local governments have followed the guideline to protect homebuyers' interests. 'It will take time for the industry to mature. Having banks hold deposits is the right move to restore homebuyers' confidence. Eventually, ...

  7. Woman laundered HK$7m of embezzled mainland bank funds

    Posted Jul 31st 2007, 12:00am by Staff Reporter

    ... Yvonne Tsui A manager with the Agricultural Bank of China in Shenzhen laundered millions of dollars he stole from the bank through Hong Kong bank accounts opened by a mainland woman, ... case involving David Peng Weizhi, former head of the personal financial department at the Agricultural Bank of China. Tang, who claimed to be a friend of Peng's wife, Huang Xueer, admitted ...

  8. Shenzhen salutes banks lifting cash curbs

    Posted Nov 22nd 2007, 12:00am by Staff Reporter

    ... yuan because the bank officer refused to help me withdraw 50,000 yuan. Now they lift the limit without any reason. 'I don't know whether I should open a new account and deposit ... He Huifeng People in Shenzhen yesterday welcomed the decision of banks in the city to lift limits on cash withdrawals after Premier Wen Jiabao sharply criticised them. For the past two ...

  9. Development Bank earnings soar 19-fold

    Posted Aug 18th 2006, 12:00am by Staff Reporter

    ... Bei Hu Shenzhen Development Bank, whose management is controlled by Newbridge Capital, yesterday announced a 19-fold increase in second-quarter earnings. However, rising revenue, improving earnings and falling non-performing loan ratio were marred by a continued insufficient level of capital. The Shenzhen-based national bank, the weakest of six domestically listed lenders, booked net ...

  10. Stocks stay popular amid poor investment options

    Posted Apr 24th 2012, 12:00am

    ... will drive up yuan deposit rates in Hong Kong' as banks seek funds to lend out, Wong said. The Shenzhen government has pushed for a pilot scheme to encourage companies in the Qianhai new ... inflation and low interest rates,' said Linda Wong, managing director and head of consumer banking at DBS Hong Kong. The monthly poll also asked respondents in January and February this year ...




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