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  • July 23, 2014
  • Last updated: 10:54am
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  1. Business - Banking & Finance - REGULATION

    CBRC may tap shadow banking to free up funds

    Posted Jun 07th 2014, 01:13am by Kwong Man-ki

    ... of credit asset securitisation to improve banks' cash flow, Wang said. CBRC also considered easing loan to deposit ratios to allow banks flexibility in increasing credit. Chinese banks ... at adapting to market changes as the current level of mainland banks' loan to deposit ratio was around 65 per cent, far below the ceiling, he said. Shadow banking could also provide a channel ...

  2. Business - Banking & Finance - CURRENCIES

    Bets on appreciation no longer the driver of yuan deposits in Hong Kong

    Posted Mar 25th 2014, 01:32am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Interest rate difference and the city's economic growth have become the driving forces behind the rise in yuan deposits in offshore markets Hopes for stronger yuan lose steam in HK Bets on yuan appreciation have long been deemed the key reason for the accumulation of yuan deposits in offshore banking systems, but Hong Kong regulators say ...

  3. Business - Banking & Finance

    EU draft bank rescue law would not shield big deposits

    Posted May 21st 2013, 11:10am by Reuters

    ... to save the country from bankruptcy. Under the EU proposal, a bank would dip into large deposits of over 100,000 euros once it had exhausted other avenues such as shareholders and bondholders. ... a press release from the committee said after the vote. Some countries have also mooted the idea of using banksdeposit guarantee schemes. But lawmakers voted against this because it could hurt ...

  4. Business - Banking & Finance

    Chinese banks call for cap on online interest rates

    Posted Feb 28th 2014, 01:10am by Reuters

    ... Reuters in Beijing and Shanghai Lobbying comes as online products drain cash from traditional bank deposits Mainland banks call for cap on online rates The China Banking Association (CBA) ... by the central bank, the proposal would subject yields on online money market products to the same administrative cap that governs traditional term deposits, effectively eliminating the key competitive ...

  5. Student loan agency criticised over HK$608m in default arrears

    Posted Nov 26th 2009, 12:00am by Elaine Yau

    ... or 15 per cent, provided inaccurate information. Examples included understating salary amount and failing to declare bank deposits or assets. Because of the inaccurate information, the agency ...

  6. Comment - Insight & Opinion

    European Central Bank may need to join the quantitative easing club

    Posted Jun 10th 2014, 04:51am by SCMP Editorial

    ... rate to 0.15 per cent, from 0.25 per cent; charging commercial banks a 0.1 per cent interest rate on money they deposit at the central bank, in other words making them pay to park money there; ... SCMP Editorial Europe may need a stronger tonic The European Central Bank has finally moved to counter sluggish growth, persistently high unemployment and the threat of deflation ...

  7. A sense of security

    Posted Dec 18th 2008, 12:00am by Christine Loh

    ... be the equivalent of the government guaranteeing all bank deposits in Hong Kong: that was the right thing to do because it made people feel safe to leave their money in banks. In one stroke, the government removed the potential for panic. It did not actually have to spend a cent in giving the guarantee, but the move generated trust and stability in the banking system- just what was needed ...

  8. The gaping hole in HK's blanket deposit guarantee

    Posted Nov 13th 2008, 12:00am by Tom Holland

    ... with Tom Holland If you think your Hong Kong bank deposits are fully guaranteed under the blanket deposit protection scheme announced last month by Financial Secretary John Tsang Chun-wah, ... customer deposits' held in the city. Rattled by September's run on the Bank of East Asia and unnerved that the scheme had previously covered only combined deposits of up to HK$100,000 ...

  9. Business - Banking & Finance - CURRENCIES

    Yuan deposit growth to 'maintain last year's momentum', says BOCHK

    Posted Feb 12th 2014, 12:50am by Jeanny Yu and Kanis Li

    ... Jeanny Yu and Kanis Li Yuan seen maintaining growth momentum Bank of China (Hong Kong) expects the city's yuan deposits to keep growing despite capital outflow risks, reaching 1.16 ... manager and head of yuan business at BOCHK, the sole clearing bank for yuan business in Hong Kong, said he expected deposits of the currency in Hong Kong would grow by as much as 300 billion yuan ...

  10. Business - Banking & Finance - BANKS

    Singapore changes liquidity rules for major retail banks

    Posted Jun 26th 2014, 01:08am by BLOOM

    ... of resident non-bank deposits exceeds 3 per cent, and it has more than 150,000 depositors with balances of as much as S$250,000 (HK$1.55 million). The central bank will release a consultation paper ... Bloomberg in Singapore Large retail lenders will be required to hold cash assets in the country to support outflows Singapore brings in liquidity reform Singapore said banks ...




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