[Deposito vincolato in dollari di Hong Kong]Standard Chartered Rarely Grabs Short Term Deposit with 4.5% Highest Interest Rate - Hong Kong Economic Times- Instant News Channel- App Area

Last week, 12 large and small banks raised the interest rate on Hong Kong dollar term deposits, including CCB Asia’s semi-annual increase on September 2 (Friday) and virtual bank ZA Bank (ZA Bank) to raise the interest rate for new users by an additional 1.7%, which is higher than the previous rate 1 cm in height.

For example, in the first two days of September, there were 7 sales, except for Standard Chartered Hong Kong （02888）
In addition to the generalized increase in interest rates, on 1 September (Thursday) the three-month rate will be increased by 0.2% and the half-year and one year will be increased by 0.3%. Hong Kong Stock Exchange. （00388）
and Tencent （00700）
He participated in Fusion Bank and Hang Seng （00011）
All of them increased the length of the semester, Chong Hing added a short-term deposit of 3 months, and the Public Bank buried their hands in the long-term interest.

Another 5 large and small banks made a final sprint at the end of August to catch the last train to raise interest rates: WeLaB Bank, the virtual bank of the TOM Group, which has a new semiannual maturity of 2.6%. the highest interest rate. ICBC (Asia) raises short, medium and long term interest rates more comprehensively, Fubon and Dah Sing （02356）
Doug adds annual interest from different filing periods, and Citigroup adds it twice a week.

Experts predict that the fixed interest rate on Hong Kong banks’ deposits will accelerate and slow down temporarily.There are two main reasons: After Federal Reserve Chairman Powell released the eagle, global stocks and bonds were dispersed . （01211）
and Tencent is rumored to have plans to sell Meituan （03690）
and Kuaishou （01024）
Wait, bad news surfaced and the Hang Seng Index dropped below 20,000, forcing banks to seek defensive funds. Superimposed on competition from bank bonds with a guaranteed minimum interest rate of 4%, the subscription of the Elder iBond has been closed and redemptions will be made on September 14th. CNCBI has announced that it will launch a bank bond redemption offer. From September 14-30, customers using bank bond redemption to make a 6-month Hong Kong dollar term deposit can enjoy an annual interest rate The offer details will be announced later.

BOC Flash Discount Rate postponed to this month

There were 4 highlights from last week’s treasure hunt, including:

(1) Standard Chartered rarely accepts short-term deposits. The new 7-day term deposit will enjoy 4.5%. Platinum foreign currency members or priority private wealth management accounts are required. Other customers also have 4%. Both require a minimum of $ 100,000 in eligible exchange funds and a maximum of $ 20 million.Standard Chartered enjoys 4.5% of the aforementioned short-term deposit, after HSBC, BOCHK （02388）
It is 4% and the whole city of Guanjue is 6% of Jiyou.

(2) Breaking the maximum rate again: last week the main battleground fell in the half year. The industry is trying to grab the funds for the new year. Daxin increased the 6-month period by 0.1% and Fubon increased the deposit period by 0.2%%, causing the semi-annual interest rate to hit a new high.

(3) Large and small banks extended discounts on high interest rates: BOC Hong Kong suddenly launched the special annual interest rate for a limited period in late August The bank responded to a request to have extended the special interest rate flash this month.

Additionally, in competition with the big banks, BOC’s current 3-month price of 1.7% outperformed HSBC’s 1.2% and Standard Chartered’s 0.9%. In six months, Standard Chartered’s 2.4% narrowly beat BOC’s 2.3% and HSBC’s 1.7%. In 1 year, Standard Chartered was the first 3% banknote issuer, leaving 2.4% of the Bank of China and 2.1% of HSBC.

(4) Citi raised interest rates for the fourth consecutive week and even raised interest rates twice this week. After the transfer on September 29 (Monday), last Wednesday’s half year increased by 0.19%, the new ratio was 2.74%, and the 1-year period increased by 0.2% and the new interest rate was brought back to 2.93%.

1 month HSBC 5% 3 months Citi 2.78%

Overview Last week’s high-yielding list has another location. Let’s talk before the 3-month period, Fubon added 0.2% to 2.6%, then regained the second place position, but still lost to Citi’s 2.78%. Daxin holds the third place with 2.5%. By contrast, Volkswagen Finance was only 2.4% off the list.

In terms of the 6-month period, the double crowns have been repeated and both Dah Sing and Fubon top the list with 3%. ICBC (Asia) climbed 0.2% to 2.85%, beating 2.8% of Volkswagen Finance, the large Chinese bank was promoted to second place, while Citigroup’s 2.74% only managed to fourth place.

As for the 1-year period, Volkswagen Finance continued to be king with 3.3%, followed by Overseas Chinese Wing Hang with 3.18% and ICBC (Asia) increased by 0.1% at 3.05% and narrowly held third place. And Standard Chartered Hong Kong and Fubon Qi are 3%, plus 2.93% of Citigroup, also in the top 5.

Check other deposit periods, 1 month is the highest of HSBC’s 5%. If you calculate the long-term interest, Nanshang has 3.38% in 338 days and the minimum deposit is 3 million yuan in new currency, and Overseas Chinese Yongheng enjoys 3.28% in 388 days and the registration fee is 200,000 yuan. China Merchants Wing Lung has 2.85% in the two-year period.

The 1-month interest rate closed a 4-day streak at 1.88%. Chen Zhiwei, executive vice president and director of traditional banking of Shanghai Shang Shang, stressed that the one-month interest rate linked to real estate loans is expected to reach 2% by the end of September, or even more.

However, the 3-month interbank interest rate, which reflects the bank’s cost of capital, rose for 23 consecutive days, exceeding 2.7%. Analysis indicates that in 2008 it reached a post-financial tsunami peak on 14 years. Liao Jiahao, head of Citibank’s investment strategy and global wealth planning department, stressed that the three-month Hong Kong dollar interbank interest rate is expected to be at the level of 2.7% in the fourth quarter of this year. and is expected to be 2.95% in the first quarter of next year. The Hong Kong exchange rate could see 7.85 within 3 months, and has slightly increased to 7.84 in 6-12 months.

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Special Correspondent: Zeng Guifen

Responsible editor: Chen Chuyuan

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