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25-05-2013, 12:58 PM
Hi Rogerwilco
As far as I know, the current account and fixed deposit rates offered by banks in China are quite standard, i.e. there is little differentiation between banks as I believe that the rates offered are somehow controlled by the central bank, PBOC. The main difference is in the tenure, with deposits with longer tenure enjoying higher interest rates. Sample Deposit Rates in May 2013
The interest rate on current accounts should be less than 0.5%. Companies may also buy money market funds (MMFs) or structured products to enhance their yield.
Incidentally, I'm curious about your investment in Dukang. I had some shares in Dukang until the recent run-up in the share price. The price and volume action in Dukang appears to suggest that an operator / operators are camping there. Do you not mind running with the wolves?
As far as I know, the current account and fixed deposit rates offered by banks in China are quite standard, i.e. there is little differentiation between banks as I believe that the rates offered are somehow controlled by the central bank, PBOC. The main difference is in the tenure, with deposits with longer tenure enjoying higher interest rates. Sample Deposit Rates in May 2013
The interest rate on current accounts should be less than 0.5%. Companies may also buy money market funds (MMFs) or structured products to enhance their yield.
Incidentally, I'm curious about your investment in Dukang. I had some shares in Dukang until the recent run-up in the share price. The price and volume action in Dukang appears to suggest that an operator / operators are camping there. Do you not mind running with the wolves?