Hongkongers break savings record for second year amid shaky economy, survey says

Quick Summary:

Average monthly savings increased by 9 per cent to US$1,256 this year, Deposit Protection Board survey finds.

It oversees a safety net that will provide protection for up to HK$800,000 of deposits in case of a bank collapse.

The HKDPB is an independent statutory body formed under the Deposit Protection Scheme Ordinance.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongOman

Topics: Money Survey Average According Protection Record Year Savings Saving Hongkongers Annual

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 17:00:08 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 194 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23884145

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