A number of Chinese banks
have announced they will discontinue certain deposit products
that offer higher interest rates, the latest move by lenders to
ease cost burdens as they face pressure on.
Mainland China visitors to Hong Kong during the golden week holiday period will be offered a host of freebies by banks vying for their business amid growing interest in the city’s cash-for-residency scheme.
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Dozen Chinese Builders Get USD2 Billion of Loan Financing in Shanghai, Report Says yicaiglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yicaiglobal.com Daily Mail and Mail on Sunday newspapers.
China’s 12 national joint-stock banks reported deep salary cuts last year, while 10 lenders also demanded employees return performance-based bonuses, amid Beijing’s ongoing efforts to reshape the financial industry.