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International Law

: China Briefing Blog

HSBC and Citibank Cut RMB Deposit Rates

By China Briefing

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May 25 - HSBC and Citibank have cut interest rates for medium-term yuan deposits for retail consumers below the central bank benchmark. The move highlights differing policies between local and foreign banks. While foreign banks have refrained from lending more, local banks have gone ahead to fund various projects related to the stimulus plan. During the first [...]

Full post as published by China Briefing Blog on May 25, 2009 (boomark / email).

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