After a few months of suspension of sales, four major state-owned banks have recently restarted issuing five-year large deposit certificates. The maximum annual interest rate for the product is 1.6%. The reporter visited a number of bank branches on the ground and found that the five-year large deposit slip amount is sufficient, investors are not enthusiastic about subscribing, and bank account managers are not very willing to promote. Industry insiders believe that major state-owned banks are restarting large five-year deposit accounts with the intention of locking up long-term capital, hedging the pressure on huge time deposits to maturity, and lengthening the longevity of debt. This is a phased operation to stabilize debt during a downward cycle of interest rates; it is not a sign that deposit interest rates have bottomed out and rebounded. Due to continued pressure on net interest spreads, it is difficult for the banking industry to issue large long-term deposit statements on a large scale.

After a few months of suspension of sales, four major state-owned banks have recently restarted issuing five-year large deposit certificates. The maximum annual interest rate for the product is 1.6%. The reporter visited a number of bank branches on the ground and found that the five-year large deposit slip amount is sufficient, investors are not enthusiastic about subscribing, and bank account managers are not very willing to promote. Industry insiders believe that major state-owned banks are restarting large five-year deposit accounts with the intention of locking up long-term capital, hedging the pressure on huge time deposits to maturity, and lengthening the longevity of debt. This is a phased operation to stabilize debt during a downward cycle of interest rates; it is not a sign that deposit interest rates have bottomed out and rebounded. Due to continued pressure on net interest spreads, it is difficult for the banking industry to issue large long-term deposit statements on a large scale.