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  • November 28, 2014
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  1. Casino revenues soar as mainland bank deposit rates turn negative

    Posted Nov 02nd 2010, 12:00am by Staff Reporter

    ... Neil Gough Baccarat tables appear to be offering a more attractive bet than the mainland's negative bank deposit rates, as high-rolling gamblers pushed Macau's casino revenues ... of a reasonable return on 'investment'. But real interest rates on mainland bank deposits, after adjusting for consumer price inflation, have been negative since February. Beijing last month ...

  2. Bank deposit premiums cut by 65pc, limit lifted

    Posted Dec 01st 2009, 12:00am by Staff Reporter

    ... Maria Chan The government-appointed body responsible for creating a broader bank deposit insurance protection plan for Hong Kong has reduced the annual insurance premium banks must pay so ... to HK$500,000 from the current HK$100,000. Since the financial crisis, the government has provided deposit insurance protection on all deposits, but only until the end of next year. Banks pay a premium ...

  3. Public to have say on more deposit protection

    Posted Mar 07th 2009, 12:00am by Peter So

    ... Peter So A public consultation will be launched next month on extending deposit protection scheme coverage to integrated bank accounts that offer overdraft facilities on a secured basis, ... scheme- a temporary measure introduced in October to protect depositors from bank failures. Under the Deposit Protection Scheme Ordinance, deposits that are secured against other assets ...

  4. 100pc bank deposit insurance urged

    Posted Oct 14th 2008, 12:00am by Staff Reporter

    ... Ng Kang-chung Calls are mounting for better protection of private savings deposited in local banks to help restore public confidence in the banking system. Lawmaker Cyd Ho Sau-lan, ... In the Asia-Pacific region, Australia, New Zealand and Taiwan are offering blanket deposit protection for bank savers. 'The government should help boost confidence in the banking system,' Ms Ho ...

  5. 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 ...

  6. Scheme protecting bank deposits to start

    Posted Sep 20th 2006, 12:00am by Enoch Yiu

    ... Maria Chan and Enoch Yiu A long-awaited scheme to protect people's bank deposits for up to HK$100,000 in each bank will finally come into force on Monday, the agency overseeing ... currency deposits, but not structured, secured, or term accounts with a maturity of more than five years. In the case of a bank collapse, the Hong Kong Deposit Protection Board overseeing ...

  7. PBOC move designed to pull in bank deposits, not rein in economic growth

    Posted Nov 02nd 2004, 12:00am by Mark O'Neill

    ... as overheated and is pleased with current growth levels. What prompted it to raise rates was a worrying fall in the growth of personal bank deposits as rising inflation pushed real interest rates ... putting their money into bank deposits, lenders are deprived of their most important source of funds. Banks short of capital could have liquidity problems that delay reform efforts. They could ...

  8. HKMC bond targets bank deposits

    Posted May 25th 2004, 12:00am by Enoch Yiu

    ... programme to tap money being switched from bank term deposits because of low interest rates. Subscriptions for the first issue, to raise between $800 million and $1.2 billion, can be lodged through ... to institutional investors. However, HKMC executive director Norman Chan Tak-lam said people with bank time deposits had emerged as a key market. 'Our market surveys have suggested time depositors ...

  9. Bank deposits still unattractive

    Posted Oct 30th 2004, 12:00am by Staff Reporter

    ... to the bank to transfer deposits just because of such a minor rise,' said Ms Ma, 25, a public relations worker. She had earlier invested 40,000 yuan in bonds issued by China Merchants Bank, which ... to reverse a seven-month-long decline in the growth of savings on the mainland. The central bank has chipped away at interest rates over the past two decades, lowering one-year deposit rates eight ...

  10. Interest cut for elderly prompts warnings

    Posted Aug 09th 2004, 12:00am by Elaine Wu

    ... with banks.' Iman Fok Tin-man, an organiser at the Society for Community Organisation, said most of the elderly she had helped kept their money in fixed-deposit accounts. 'Many elderly rely ... special interest rates to the elderly. The Bank of China is the only one that continues to do so. Anyone who is 55 years or older and has a fixed-deposit account of $30,000 or more can qualify ...




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