六大国有银行五年期大额存单退场

Core Viewpoint - The demand for investment and savings among citizens is increasing as the year-end approaches, but there is a noticeable reduction in medium to long-term deposit products available in the market [1] Group 1: Market Trends - Major state-owned banks have removed five-year large-denomination certificates of deposit from their apps, and the interest rates for three-year products have generally dropped to between 1.5% and 1.75% [1] - Several small and medium-sized banks are also intensively adjusting their deposit business [1] Group 2: Banking Sector Analysis - The continuous decline in net interest margins is a significant challenge affecting banks' profitability in recent years [1] - The recent withdrawal of high-interest long-term deposit products by many banks is aimed at stabilizing net interest margins [1] - This trend is expected to enhance the certainty of banks' profit expectations in the future, providing fundamental support for valuation recovery [1] Group 3: Investment Implications - Large banks with low-cost liabilities and high-dividend yield bank stocks are likely to attract more long-term capital [1]