Exclusive-Chinese banks heed PBOC call to cut dollar deposit rates, say sources [Yahoo! Finance Canada]
BANK OF EAST ASIA S/ADR (BKEAY)
NASDAQ:AMEX Investor Relations:
hkbea.com/html/en/bea-about-bea-investor-communication-annual-and-interim-reports.html
Company Research
Source: Yahoo! Finance Canada
asked to do so by the central bank, possibly to curtail dollar hoarding and also prop up a weakening yuan, sources said. Mainland retail investors and exporters have built up nearly a trillion dollars worth of deposits because of higher U.S. yields and the yuan's slide. Two banking sources with direct knowledge of the matter said banks across China, big and small, have over the past few weeks been told by the People's Bank of China (PBOC) they have to cut dollar deposit rates. This guidance seems aimed at discouraging a further rise in dollar deposits and spurring more conversion of those dollars into yuan, the sources said. "We've got the guidance from the superior that we need to lower the dollar deposit rates, and many of our peers have already done so," said one of the banking sources, adding the regulators seem worried about the proportion of cash being held onshore in dollars. The PBOC did not respond immediately to a Reuters request for comment. Some banks have anno
Show less
Read more
Impact Snapshot
Event Time:
BKEAY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BKEAY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BKEAY alerts
High impacting BANK OF EAST ASIA S/ADR news events
Weekly update
A roundup of the hottest topics