Wednesday, July 30, 2014   

Forex deposits rates cap eased in Shanghai trade zone
(02-26 18:49)

The central bank will remove interest rate ceilings on smaller foreign-currency deposits in the Shanghai Free Trade Zone from March 1.
Deposits of less than US$3 million owned by businesses and agencies registered in the zone or by individuals who have worked in the zone for more than one year will receive the same rate of interest, said the Shanghai branch of the People's Bank of China.
Currently, regulatory caps apply to one-year or other shorter-term deposits in US dollars, Japanese yen, euros and Hong Kong dollars. Deposits worth more than US$3 million are not subject to ceilings.—Xinhua


   
Other Business breaking news:
IMF approves new credit line for Morocco (07-29 18:48)
Luxembourg puts key BES bank shareholders in administration (07-29 18:47)
Exchange Fund income amounts to HK$50.5b in first half (07-29 17:35)
Russia sanctions hit on profits: BP (07-29 16:48)
Building materials sector sluggish in China (07-29 16:40)
Hang Seng, Shanghai finish higher (07-29 16:18)
Airbus cancels six-jet order from Japan's Skymark (07-29 15:30)
European stocks open flat (07-29 15:29)
Deutsche Bank sees second-quarter profits down (07-29 15:11)
BP profits soar in second quarter (07-29 14:43)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.