Tag: deposit

New measures from China’s central bank will free up repatriation of renminbi profits and serve as a boost for the offshore renminbi market.

China’s central bank has announced a slew of monetary easing measures, including the scrapping of the deposit rate ceiling for commercial banks. Oddly enough, no one seems that bothered.

Keen to appease treasurers, the Bank of Thailand plans to relax foreign exchange regulations to make the country more attractive for setting up corporate treasury centres.

The People's Bank Of China implements the country's first national deposit insurance scheme; Canada will develop RMB clearing, asset classes, and risk management tools; The Shanghai International Energy Exchange (INE) based in the free trade zone will open crude oil futures to foreign trading

In a panel on cash strategies, treasury groups and member practitioners divulged their strategies for dealing with what’s coming in 2015, including ditching banks who charge on deposits.

China’s central bank has lifted controls on foreign currency deposit rates in Shanghai, opening up rate competition beyond the walls of the FTZ.

China will likely free up deposit rates within two years, hopefully helping end the need for corporates to park cash with dodgy wealth management products, economists believe.

Bank Indonesia is planning to changes its existing definition of deposit in a bid to cool off an interest rate war in the country and increase bank liquidity.