Banking Research

Jul

PBOC Shanghai Branch Removes Foreign Currency Deposit Rate Ceiling

On March 1st, 2014, Shanghai FTZ has removed the cap for foreign currency deposit rates, which apply to small accounts with less than USD3 million. After the three-month pilot, the market seems to be running steadily and enterprises in the Shanghai FTZ now can ask for higher rates for their forex…

Jun

China Banking Research

Alibaba’s Free Wi-Fi Deployment Plan accelerates mobile user growth

With the increasing usage of mobile devices such as smartphones and tablet PCs, mobile internet is becoming a new traffic entry point for many internet players. Alibaba’s free wifi deployment will facilitate their entry point.

Jun

China Banking Research

Chinese Banks Boost Their Tier 2 Capital

The 2014 year seems to be a year for banks to pad their capital base. Previous heated discussion was around Tier 1 capital sufficiency, after which additional capital has been supplemented via issuing preference shares by SPDB, Bank of China and Agricultural Bank of China.

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