年内首次存款利率下调！利率下行周期下，这类资产更受青睐

Group 1 - Major state-owned banks and some joint-stock banks have lowered the RMB deposit rates starting from May 20, with the savings rate down by 5 basis points to 0.05% and various term deposit rates reduced by 15 to 25 basis points [1] - The People's Bank of China (PBOC) announced a 0.1 percentage point reduction in the policy rate, which is expected to lead to a similar decrease in the Loan Prime Rate (LPR) [1] - Analysts believe that the interest rate cut will lower banks' funding costs, which is favorable for the banking sector, and institutions with capital allocation needs will continue to consider dividend sectors like banks [1] Group 2 - The average dividend yield of the four major banks has remained stable at around 5% over the past five years, attracting long-term funds such as insurance and social security [2] - Individual investors with capital allocation needs may consider using bank ETFs (515020) and other index investment tools [2] - The AH premium index has risen to approximately 143, making the investment value of Hong Kong stocks more attractive compared to A-shares, with financial ETFs in Hong Kong featuring over 65% bank content [2]