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  1. Business - Banking & Finance - BANKING

    China's banks slash deposit rates as companies hoard US dollars

    Posted Aug 31st 2012, 12:00am by Bloomberg

    ... Bloomberg Loss of confidence in yuan's appreciation leads mainland companies to accumulate greenbacks As firms hoard US dollars, lenders slash deposit rates China's biggest banks are cutting US dollar deposit rates as the most bearish outlook for the yuan since 2009 prompts mainland companies to hoard the greenback. Industrial and Commercial Bank of China cut its one-year ...

    http://www.scmp.com/business/banking-finance/article/1026542/chinas-banks-slash-deposit-rates-companies-hoard-us-dollars
  2. Comment - Insight & Opinion - JAKE'S VIEW

    Take a lesson from the West, yuan boost won't spur growth

    Posted Sep 28th 2014, 06:02am by Jake Van Der Kamp

    ... air and encourages commercial banks to take that money and lend it on to their customers. If their customers take it, the money quickly comes back to these commercial banks as deposits and they can lend it out again. It then comes back as deposits once more and this multiplier effect goes on repeating itself. In this way, high-powered reserve money from the central bank can grow ...

    http://www.scmp.com/comment/insight-opinion/article/1602455/take-lesson-west-yuan-boost-wont-spur-growth
  3. Smaller banks join rush to higher deposit rates

    Posted Jun 12th 2012, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com Second-tier banks followed major lenders in offering higher deposit rates than the benchmark, boosting competition in the finance sector after a recent move towards interest rate deregulation. China Minsheng Banking Corp, China Merchants Bank and China Citic Bank were among other joint-stock lenders that raised deposit rates ...

    http://www.scmp.com/article/1003735/smaller-banks-join-rush-higher-deposit-rates
  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. 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
  6. Banks struggling to attract deposits

    Posted May 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong banks could come under pressure as deposit costs have been rising. A banker said this could hit their net interest margin (NIM), a measure ... at the bank's annual general meeting that it was among the many lenders in Hong Kong that had been aggressively seeking deposits in recent months with incentives such as higher interest rates. Though ...

    http://www.scmp.com/article/1002469/banks-struggling-attract-deposits
  7. Business - Economy - REGULATION

    Industry plea for tax easing may boost China property market

    Posted Oct 20th 2014, 11:29am by Sandy Li

    ... market, a key support for the broader economy. The People’s Bank of China and the China Banking Regulatory Commission at the end of last month announced a long-awaited credit relaxation, ... buyers, allowing them to make a deposit of 30 per cent instead of 60 per cent. Under the proposal submitted by the industry group, the tax relaxation would be aimed at the mass market, applying ...

    http://www.scmp.com/business/economy/article/1620478/industry-plea-tax-easing-may-boost-china-property-market
  8. Deposit protection no substitute for supervision

    Posted Apr 28th 2009, 12:00am by Staff Reporter

    ... Hong Kong bank customers could lose the temporary, full protection offered by the government on bank deposits next year. The government says it will depend on the state of the global ... by the government's provision of a full guarantee. Thanks to prudent capital-reserve and lending practices, our banks have passed the stress tests of the Asian and world financial crises. Deposit insurance ...

    http://www.scmp.com/article/678385/deposit-protection-no-substitute-supervision
  9. Plan to raise deposit protection

    Posted Apr 25th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan A government-appointed board will propose lifting the ceiling on Hong Kong's bank deposit protection to between HK$300,000 and HK$500,000. That would be up ... per cent of depositors of a failed bank will be able to get their money back in full. The paper follows a review, by the Hong Kong Deposit Protection Board, of the city's deposit ...

    http://www.scmp.com/article/678049/plan-raise-deposit-protection
  10. 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 ...

    http://www.scmp.com/business/banking-finance/article/1436607/chinese-banks-call-cap-online-interest-rates

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