That was the case in the aftermath of a shock currency devaluation in 2015 and during China’s trade war with the US under the Trump administration, when Beijing needed to tighten capital curbs and boost the yuan’s funding cost in Hong Kong. While authorities have also taken various steps to stem the currency’s weakness this time around, the outflow trend looks hard to reverse.
Bank deposit rates to stay firm in Q4 as loan demand peaks
Bank deposit rates are expected to remain steady. Lenders need funds for increasing loan demands. The recent CRR cut offers some relief but the busy