Replies to post #50806 on China Growth Stocks

[GorillaGorilla]

CCME's Interest Income

(I don't follow chbt)

From the 10-K
CME’s cash primarily consists of cash on hand and cash deposited in banks and interest-bearing savings accounts.

So:

1) Some of the money is "deposited" in non-interest bearing accounts

2) CCME is a Hong Kong holding company - if it holds money in Hong Kong the rates are in step with US rates these are in the 0.20% range. Savings Rates on China mainland are higher which would be consistent with VISN, a China mainland company, gets a better rate. [1]

It would be nice if company would be more transparent about this matter.

rich
[1] http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=101061&tid=17039&mid=17055&tof=-1&rt=1&frt=2&off=1