China MediaExpress Holdings, Inc. (fka CCME)

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Data from 10Q http://knobias.10kwizard.com/filing.php?rid=23&ipage=7102946&SQDESC=SECTION_ENTIRE
Six months ended June 30, 2010
(Amounts in thousands of USD)
Interest income 145
Cash at the beginning of the period 57,151
Cash at the end of the period 139,321
Liquidity and capital resources:
As of June 30, 2010, CME had net cash of $139.3 million. CME’s cash primarily consists of cash on hand and cash deposited in banks and interest-bearing savings accounts.

Calculation:
98,236,000 is average cash during the first 6 months of 2010
1% is 982360
145000/982360 = 0.14760373 (per 6 months)
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0.29520746 % per full year

Rates for demand accounts:
Bank of China http://www.bankofchina.com/en/bocinfo/bi4/200812/t20081223_508370.html
0.36 % interest rate per annum

HSBC http://www.hsbc.com.cn/1/2/misc/deposit-rates
Renminbi Savings: As at 9/14/10 10:15:04 AM
Interest rate(% p.a. before tax)
0.36%

Result:
Interest income of CCME is inline with existing interest rates for demand deposists.
Difference is explainable by non linear increase in cash during the period.
Moreover, if they really have "cash on hand" = "under mattrasse", that part would bear nothing.