Hongkong RMB overnight interest rates another 7 month high-winlinez

Hongkong RMB overnight interest rates another 7 month high fund exposure Sina Taiwan: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! FX168 finance and economics newspaper (Hongkong) – the Mid Autumn Festival approaching, Hongkong’s offshore RMB liquidity tight for several days, spread to long-term interest rates. The TMA announced, Hongkong on Monday (September 12th) currency interbank overnight interest rates rose across the board, prices rise 0.8 per cent to 5.16 per cent, hit a 7 month high, 1 to 12 months the pricing is over 4 per cent interest rates. The market generally believes that people with high interest rates holding stability intentions clear, interest rates may keep at a high level in the national day, FOB or gradually rise. It is understood that the Hongkong interbank currency since last Thursday after continued at a high level, in addition to large increases in short-term interest rates, long-term interest rates to slow, 3 month LIBOR pricing Monday rose nearly 1 per cent to 4.21 per cent, the highest since March 4th, a period of 1 years old pricing is 4 per cent to 4.07 per cent long term, reflect the money supply to face tight. Market participants believe that last year, the people’s Bank through long-term operation to buy a large number of yuan, to defend the exchange rate, the RMB recently have expired no return to Hongkong market, but back to the mainland, take the Hongkong local interbank liquidity to stimulate the rise since September, a large number of contract expires, so interbank tensions or maintain for a period of time. Shanghai commercial bank believes that people with interest will help maintain a stable exchange rate, the U.S. rate hike is expected to heat up, people with high interest rates to suppress or knowingly selling renminbi, but the level of interest rates will not be too high, in order to avoid panic. In addition, the Mid Autumn Festival and National Day holiday nearly eleven RMB funds, banks do early deployment, capital demand will push up interest rates. Hongkong Monetary Authority recently announced that in July Hongkong RMB deposits fell below 700 billion, to reduce the amount of $6.2% to $667 billion 100 million. In addition, due to the 3 day of the Mid Autumn Festival holiday on Thursday (September 15th), the market worries short positions slightly tight, leading to the Hong Kong Interbank pulled high, makes a number of banks in Hongkong last week raised the RMB deposit interest rate. Among them, the Wing Lung Bank on Friday (September 9th) announced, up 1 to 12 months the RMB deposit rate, a period of 12 months to 3.2 per cent deposit of HK $100 thousand; CCB Asia also raised RMB 3 to 12 month deposit rate of about 10 points, a period of 12 months to 3.1 per cent, the minimum threshold of $100 thousand to 1 years; Fubon deposit interest rate increase 0.4 per cent, the latest preferential interest rate raised to 3.4 per cent in the same period; such as, beyond the Shanghai commercial bank 3.2% per cent for the whole of Hongkong 1 year RMB deposit interest rate in the highest. Proofreading: TIER into the [Sina financial stocks] discussion相关的主题文章: