中小银行密集下调存款利率 发力财富管理承接客户资产“调仓”

Core Viewpoint - The retail deposit growth of several listed banks has slowed down significantly, prompting banks to adjust their strategies towards wealth management to mitigate the impact of deposit outflows [1][2][5][6]. Group 1: Retail Deposit Growth Comparison - In the first half of 2025, several banks experienced a notable decline in retail deposit growth compared to the same period in 2024, with specific decreases of 3.43 percentage points for China Merchants Bank and 3.73 percentage points for Ping An Bank [1][6]. - Other banks such as Beijing Bank, Ningbo Bank, Hangzhou Bank, and Suzhou Bank also saw significant reductions in their retail deposit growth rates, with declines ranging from 4.57 to 9.88 percentage points [1][6]. Group 2: Interest Rate Adjustments - Since September, a growing number of local small and medium-sized banks have lowered their deposit interest rates, with some banks announcing reductions of up to 35 basis points [1][3]. - This trend follows a broader "rate cut wave" initiated by large state-owned banks earlier in the year, aimed at alleviating pressure on net interest margins [3][4]. Group 3: Wealth Management Strategies - In response to the noticeable outflow of retail deposits, banks are increasingly focusing on wealth management to grow their assets under management (AUM) [2][7]. - The performance of cash management and fixed-income bank wealth management products, with annual yields between 2% and 3%, has led many customers to shift their investment strategies [2][7]. - Banks are also expanding their offerings in public funds and cash management products, which are perceived as lower risk and more cost-effective compared to traditional fixed-term deposits [7].