Huan Qiu Wang·2025-09-16 02:27Core Viewpoint - The recent announcements from various banks regarding the issuance of high-interest large-denomination certificates of deposit (CDs) indicate a competitive market for attracting deposits, despite pressures on net interest margins [3][4]. Group 1: Bank Announcements - Bank of Communications Shandong Branch launched a one-year CD with an interest rate of 1.40% and a three-year CD at 1.65%, with a minimum deposit of 200,000 yuan, available until September 30 [1]. - Postal Savings Bank is set to issue a one-year CD with an interest rate of 1.25% starting September 26, while Dalian Bank Chengdu Branch announced a three-year CD with an interest rate of 1.90%, significantly higher than similar products from major state-owned banks [3]. Group 2: Market Analysis - Despite the attractive rates of 1.8% to 1.9% for some CDs, they remain lower than the rates of over 2.1% offered by major banks like China CITIC Bank and Zhejiang Commercial Bank in the same period last year, with some local banks even reaching rates as high as 3% [3]. - Analysts suggest that banks, particularly smaller ones, are compelled to issue high-interest CDs to attract deposits amid regulatory pressures to expand lending, even while facing net interest margin challenges [4]. Group 3: Industry Trends - There is a trend of banks being cautious about promoting high-interest CDs publicly, often opting for discreet sales through offline channels or targeting key corporate and private banking clients as a customer benefit [4]. - The issuance of high-interest CDs is seen as a temporary measure to address deposit competition, with many banks indicating a future trend of stricter control over CD issuance due to ongoing pressures [4].