财联社·2025-08-28 13:27Core Viewpoint - Multiple small and medium-sized banks in China have announced reductions in RMB deposit rates, with decreases ranging from 10 to 20 basis points, indicating a trend of declining deposit rates across the banking sector [1][8]. Group 1: Deposit Rate Adjustments - Jiangsu Bank and Nanjing Bank have adjusted their three-year fixed deposit rates from 1.85% to 1.75% [2][3]. - Jilin Longtan Huayi Village Bank has lowered its interest rates for various deposit terms, with the three-year and five-year rates down by 20 basis points, while shorter terms have seen a 10 basis point reduction [5]. - Highmi Hui Min Village Bank has also announced similar reductions, with the three-year and five-year rates decreased by 20 basis points, and shorter terms by 10 basis points [6]. Group 2: Industry Context - The recent rate cuts by small and medium-sized banks are seen as a follow-up to earlier reductions by major commercial banks, which had lowered their deposit rates by up to 25 basis points [8]. - As of May, the six major banks in China have set their current deposit rates at 0.05%, with three-year and five-year rates at 1.25% and 1.3%, respectively [8].