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  1. Business - Banking & Finance - MR. SHANGKONG

    Banking chiefs preoccupied with looming Occupy Central

    Posted Jun 23rd 2014, 03:08am by George Chen

    ... such as providing a nearby secured location where customers can deposit, withdraw or transfer money on a timely basis. Other banks also considered allowing their staff to work remotely, for example from ... George Chen george.chen@scmp.com Mention of protest movement is taboo as lenders spend time preparing plans to ensure all operations run smoothly in case event hits district Banking chiefs ...

    http://www.scmp.com/business/banking-finance/article/1538530/banking-chiefs-preoccupied-looming-occupy-central
  2. 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 ...

    http://www.scmp.com/article/659883/gaping-hole-hks-blanket-deposit-guarantee
  3. Safe deposit box rules unfair, says watchdog

    Posted Nov 16th 2004, 12:00am by Vivienne Chow

    ... The Consumer Council yesterday criticised banks for providing harsh contract terms for safe deposit boxes and insufficient relevant information for customers. The criticisms came after a council's survey found 16 of the 21 banks approached contained statements in their contracts on safe deposit boxes that they would not be liable for any loss or damage. The survey - conducted ...

    http://www.scmp.com/article/478279/safe-deposit-box-rules-unfair-says-watchdog
  4. Business - Banking & Finance

    ICBC eyes growth in Hong Kong retail deposits

    Posted Oct 15th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com ICBC eyes growth in HK retail deposits ICBC Asia, the second-largest mainland bank subsidiary in Hong Kong, is looking to boost new deposits as the first step to competing with the city's more established retail rivals. Flora Leung Chui-yee, the head of the personal banking department at the bank, said she expected retail deposits to grow by more than ...

    http://www.scmp.com/business/banking-finance/article/1331845/icbc-eyes-growth-hong-kong-retail-deposits
  5. Business - Banking & Finance - FINANCE

    Bitcoin value tumbles after BTC China exchange blocks renminbi deposits

    Posted Dec 18th 2013, 06:13am by DANNY LEE, Angela Meng and Amy Nip

    ... global sell-off. The blocking of deposits follows an order earlier this week from the People's Bank of China banning all transactions by third-party payment providers involving digital ... Danny Lee, Angela Meng and Amy Nip BTC among first casualties, as value of the digital currency plummets after People's Bank of China orders third-party payment providers to stop ...

    http://www.scmp.com/business/banking-finance/article/1384688/bitcoin-price-slump-after-beijing-bans-clearing-services
  6. 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 ...

    http://www.scmp.com/article/672350/public-have-say-more-deposit-protection
  7. Business - Banking & Finance - BANKING

    Rates climb as lenders scramble for deposits

    Posted Nov 04th 2013, 05:49am by KANIS LI

    ... are on the march in the city, especially among smaller lenders, as banks bid to attract more deposits before they finalise their financial statements for the year. Interest rates on Hong Kong time deposits ... at about 0.38 per cent. "Many of the small and medium-sized banks can offer as high as 1.25 per cent to the deposits that bridge to the year-end, if you are taking several millions of new ...

    http://www.scmp.com/business/banking-finance/article/1346785/rates-climb-lenders-scramble-deposits
  8. Business - Banking & Finance

    Ping An Bank raises deposit interest rates

    Posted Oct 13th 2012, 12:00am by Kwong Man-ki

    ... has raised its interest rate for longer-term time deposits, in a sign that smaller lenders on the mainland are competing more fiercely to attract depositors. The Shenzhen-based bank has raised ... The 4.125 per cent interest rate hits the upper limit set by the People's Bank of China in June, capping the deposit rate at 1.1 times the benchmark rate of 3.75 per cent that was set in July. ...

    http://www.scmp.com/business/banking-finance/article/1059893/ping-bank-raises-deposit-interest-rates
  9. Banks push up deposit rates after rate cut

    Posted Jun 09th 2012, 12:00am

    ... Jane Cai in Beijing, Anita Lam and George Chen Big mainland banks yesterday responded to an official cut in lending rates by raising deposit rates, underscoring intensifying competition as the central bank edges towards interest rate deregulation. In the first rate cut since 2008, the People's Bank of China on Thursday cut the benchmark one-year lending and deposit rates by 25 ...

    http://www.scmp.com/article/1003425/banks-push-deposit-rates-after-rate-cut
  10. Business - Banking & Finance

    Asean lenders dominate bond sales

    Posted Jul 07th 2014, 05:26am by Bloomberg

    ... Bloomberg Asean lenders dominate bond sales Southeast Asian banks dominated regional bond sales as corporate clients sought funding during the busiest year for acquisitions on record. Seven of the top 10 borrowers in the Association of Southeast Asian Nations in the first six months were banks, the most in any half since at least 2007. United Overseas Bank, DBS Group, Krung ...

    http://www.scmp.com/business/banking-finance/article/1548278/asean-lenders-dominate-bond-sales

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