Zhong Guo Ji Jin Bao·2026-02-11 06:34Group 1 - The core point of the news is that several banks, including China Merchants Bank, are terminating their smart notice deposit services due to policy changes and business adjustments, effective from May 15, 2024 [3][4] - China Merchants Bank will stop the smart notice deposit service and transfer the principal and interest to the designated accounts as per the legal documents signed by customers [3] - Other banks such as Postal Savings Bank, Bank of Communications, and several others have also announced the termination of their smart notice deposit products around the same date [4] Group 2 - The net interest margin (NIM) of listed banks has been under pressure, with a decline to 1.47% in Q1 2023, down 14 basis points from the end of 2023 [5] - Banks are actively managing their interest margins by adjusting asset structures, controlling interest rates, and reducing high-interest liabilities [5][6] - Institutions predict that deposit rates may further decrease, with expectations of a reduction in deposit costs and a potential narrowing of NIM declines in 2024 [7]