Interest rates continue to decline with ample liquidity, but investors continue to prefer short-term, guaranteed products from the large banks.
Data from 金牛理财. Total WMP market interest rate (yellow line) with percentage of WMPs offering rates above 4.5%
Interest rate on WMPs offered by large (yellow) and medium & small banks (orange), spread in blue
Interest rate on guaranteed WMPs (yellow) and non-guaranteed (orange), spread in blue
Interest rate on WMPs of short maturity (yellow) and medium/long maturity (orange), spread in blue
HKMA fines Hua Nan Commercial Bank HK$9m for Anti-Money Laundering breaches
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Source: HK Monetary Authority | Source date: 19-Apr-2024 22:23
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