一周银行速览（05.30—06.06）

Industry Insights - Several rural commercial banks have lowered their 5-year deposit rates below those of major state-owned banks, with the lowest rate dropping to 1.20%, compared to 1.30% from major banks [1] - The phenomenon of "storing for 5 years is worse than storing for 1 year" has become common among small and medium-sized banks, indicating a strategic shift to attract short-term funds during a declining interest rate cycle [1] Bank Consolidation - The pace of mergers and dissolutions among small and medium-sized banks has accelerated, with 184 banks approved for merger or dissolution in the first five months of this year [2] - It is projected that the number of banks may decrease from a peak of 4,600 to around 3,000 by 2025, reflecting a shift from quantity to quality in the banking sector [2] Auto Loan Policies - Some branches of major state-owned banks have halted the "high interest, high return" auto loan policies starting June 1, following earlier notifications from local financial regulatory authorities [3] - This policy change is not new, as it was initially announced by the Chongqing Financial Regulatory Bureau in January [3] Financial Instruments - The issuance of technology innovation bonds has surpassed 200 billion yuan, with banks being the primary issuers, accounting for over half of the total issuance [4] Corporate Developments - Citic Bank has received approval to establish a financial asset investment company, becoming the second joint-stock bank to do so after Industrial Bank [5] - Citigroup announced a reduction of approximately 3,500 technical staff at its global technology solutions centers in Shanghai and Dalian as part of its global simplification efforts [6] Personnel Changes - Wang Dajun has been appointed as a member of the Agricultural Bank of China's Party Committee and will oversee corporate and technology sectors [7] - The Beijing Banking Regulatory Bureau has approved Dai Wei's appointment as the director and president of Beijing Bank [8] - Inner Mongolia Bank has appointed Hong Shaoping as the new Party Secretary and Chairman [9]