个别银行月内连续3次下调存款利率 部分民营银行存款利率低于股份行

Core Viewpoint - The recent trend in China's banking sector shows a significant downward adjustment in deposit interest rates, particularly among small and medium-sized banks, with some banks making multiple adjustments within a month [1][2][3] Group 1: Deposit Rate Adjustments - Several small and medium-sized banks have announced reductions in deposit interest rates, with decreases ranging from 5 basis points to 170 basis points [1] - For instance, Qingxu Rural Commercial Bank adjusted its deposit rates for various terms, with the 3-month, 6-month, 1-year, 2-year, 3-year, and 5-year rates set at 1%, 1.2%, 1.6%, 1.7%, 1.9%, and 1.9% respectively [1] - Deqing Rural Commercial Bank also lowered its 1-year, 2-year, 3-year, and 5-year deposit rates by 5, 10, 10, and 25 basis points to 1.65%, 1.7%, 1.95%, and 1.8% respectively [1] Group 2: Impact on Private Banks - Private banks, which previously offered the highest deposit rates, are now significantly lowering their rates, bringing them closer to those of state-owned banks, with some rates even falling below those of joint-stock banks [2] - For example, WeBank announced a reduction in its fixed deposit rates across various terms, with the 5-year, 3-year, 2-year, and 1-year rates all set at 1.60%, reflecting a decrease of 40 basis points for longer terms and 20 basis points for the 1-year term [2] Group 3: Market Dynamics and Future Outlook - According to industry experts, the ongoing decline in deposit rates is influenced by factors such as market competition, customer positioning, and liability structure among different banks [3] - The reduction in deposit rates is expected to help private banks maintain stable interest margins and enhance their development capabilities [3] - As deposit rates decrease and consumer expectations improve, the attractiveness of capital and wealth management markets may increase, leading to continued pressure on banks to lower deposit rates further [3]