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One-year interest rate of the renminbi deposits in Hong Kong

Data:  2012-09-13    From:  net     Author:  editors
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    smart forex signals rate of 6.38% per annum "gimmick" two months ago to attract non-Hong Kong residents RMB deposits, the banks in Hong Kong seem raring sequestration, many banks were more than one-year yuan deposit rate The mainland benchm......
smart forex signalsrate of 6.38% per annum "gimmick"

two months ago to attract non-Hong Kong residents RMB deposits, the banks in Hong Kong seem raring sequestration, many banks were more than one-year yuan deposit rate The mainland benchmark interest rate.

Nanyang Commercial Bank 3.38% yuan one-year fixed deposit interest rates of banks in Hong Kong to become the latest and highest interest rates, breaking the 3.3% one-year deposit interest rate of the level of Wing Hang Bank recently launched. CCB (Asia), followed by the one-year deposit rate of 3.28% per annum.

only 563.2 billion yuan, total deposits in Hong Kong, the RMB deposit interest rate over the mainland of the one-year deposit interest rates. And the introduction of the above interest rates sequestration mostly small and medium-sized banks, large banks one-year yuan deposit rate ranged from 2.7% to 2.9%.

many large banks on the demand for short-term renminbi but seem more urgent. August 1 this year, to allow non-Hong Kong residents RMB account set up in Hong Kong, Hang Seng Bank launched a period of one month, up to 6.38% per annum promotions, but it is worth noting that the 6.38% deposit rate is only applicable for a week, a week After still deposit rate of 2%. Meanwhile, HSBC and Standard Chartered Bank, the RMB deposit interest rate of 3 months were increased to 3% and 2.8%, higher than the one-year deposit rate.

KPMG yesterday released the report of the Hong Kong banking sector, the Hong Kong banking sectors net interest margin is the lowest level in history, and likely to continue downstream narrowed. Enthusiasm for Hong Kong bank deposits in Renminbi, KPMG partner Ma Shaohui think, due in part to the development of RMB products.

RMB products in Hong Kong, there are deposits, certificates of deposit, bills, bonds, insurance, REIT (real estate investment trusts), RMB gold ETF of RQFII (RMB qualified foreign institutional investors) funds and RMB ETF (Exchange Fund). Despite the yuan this year, was the devaluation trend recently issued three yuan ETF are sought after in the market. of RMB loans on

affect deposit capital gains rate, as of March this year, Hong Kongs RMB loans amounted to 420 billion yuan, 20 billion in early 2011 to 20-fold. Notwithstanding the significant growth, but, according to banking sources, the demand for RMB loans did not suddenly in the recent increase has maintained a stable trend.

The source said that some banks resort to high interest rates suck RMB deposits, RMB funds in Hong Kong are mostly concentrated in BOC Hong Kong as well as several big firms, small and medium-sized banks only through high interest sequestration fight for the market share of the RMB business. The recent HSBC research report is expected to RMB deposits accounted for 30% of all deposits in Hong Kong in 2015, this proportion was 9%.

RMB interbank rates higher also the bank actively sequestration one of the reasons. Financial Markets Association data show that the one-year yuan (HK) interbank rates up to 3.5%. (editor:admin)

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