作 者丨唐曜华 编 辑丨方海平 视 频丨卞显洋，许婷婷 有的银行甚至一个月内多次下调存款利率，比如福建华通银行， 分别在4月1 0号、4月1 3号、 4月2 1号三次下调存款利率 。上海华瑞银行也在一个月内两次下调存款利率。 目前国有银行、股份制银行的存款挂牌利率基本都在2%以下了。甚至利率超过2%的大额存单 都难找到了。就连曾经以高利率揽储闻名的农商行和民营银行也佛系了，部分农商行和民营 银行这轮也把存款利率降到2%以下了。 要知道农商行和民营银行以前比全国性银行利率高很 多。存款利率真的进入" 1 "时代了。 最 近 银 行 存 款 利 率 又 降 了 ， 而 且 有 的 银 行 一 个 月 连 降 三 次 ！ 以 前 存 钱 还 能 " 躺 赚 " ， 现 在 直 接"躺平"了！经过这一轮下调后，多数银行的定期存款利率已经低于2%，迈进" 1时代"。 有银行存款利率一个月猛降3次 4月份以来，多家股份制银行、中小银行陆续下调银行存款利率，存款利率降幅在1 0个基点～ 5 0个基点不等。 尤其3年期、5年期这样的长期存款成为下调的重点。 以某银行将3年期存款 利率从2 . 0 5%猛砍到1 . 6 5%为 ...

Group 1 - The People's Bank of China plans to implement a moderately loose monetary policy in the next phase, ensuring liquidity remains ample and aligning social financing scale and money supply growth with economic growth and price level expectations [1] - The central bank aims to promote a reasonable recovery of prices and enhance the transmission mechanism of monetary policy, focusing on supporting technology finance, green finance, and consumption [1] - The report emphasizes maintaining the stability of the RMB exchange rate and preventing excessive fluctuations, while also enhancing the resilience of the foreign exchange market [1] Group 2 - Over 20 commercial banks have lowered their fixed deposit rates since April, with rates now predominantly starting with "1", indicating a shift towards lower interest rates in the market [2] - The integrated circuit sector on the STAR Market reported a revenue of 72.18 billion yuan in Q1 2025, a 24% year-on-year increase, with net profit rising by 73% to 4.48 billion yuan [2] - The report highlights significant growth in chip design, semiconductor equipment, and wafer manufacturing, driven by demand recovery in AI, IoT, and consumer sectors [2] Group 3 - In April, local governments issued 176.3 billion yuan in special bonds, with 71.7 billion yuan (40%) allocated to real estate, marking an 8 percentage point increase from March [3] - The video cloud market in China is projected to reach 5.08 billion USD in H2 2024, with a year-on-year growth of 4.7%, driven by demand from short video and live e-commerce platforms [3] - The revenue from network audio-visual user payments and program copyrights is expected to grow by 34.6% year-on-year in 2024, contributing to the overall revenue increase in the broadcasting and network audio-visual sector [3] Group 4 - Tencent's Hunyuan team launched and open-sourced a new video generation tool, HunyuanCustom, which excels in generating videos with consistent subjects and high quality [4] - The consumption of coupons on the Xianyu platform surged by 140% during the May Day holiday, indicating a strong consumer trend in travel and dining [4] - Italian company Moltiply has filed a lawsuit against Google for 2.97 billion euros, claiming market dominance abuse that hindered its growth [4] Group 5 - China Pacific Insurance reported an 18.1% year-on-year decline in net profit for Q1 2025, attributed to rising bond yields affecting the fair value of fixed-income assets [6] - Hainan Junda New Energy Technology Co., Ltd. successfully listed on the Hong Kong Stock Exchange, becoming the first solar cell manufacturer to achieve dual-platform listing [7] - Ningbo Jianxin Superconducting Technology's IPO application has been accepted, aiming to raise 865 million yuan for developing MRI equipment components [8] Group 6 - JAC Motors reported a 3.55% year-on-year decline in vehicle sales for April, with production down by 14.44% [9] - Shennong Development achieved a slight revenue increase of 0.68% year-on-year in April, with its poultry processing segment remaining stable [10] - Hualu Hengsheng plans to repurchase shares worth 200 to 300 million yuan, with the aim of reducing registered capital [11] - Baolong Technology intends to repurchase shares worth 100 to 200 million yuan, with funding sourced from its own capital and loans [12] Group 7 - The Shanghai Composite Index experienced a 0.3% decline amid a mixed market, with banks and ST stocks showing resilience while semiconductor stocks faced corrections [13] - The trading volume in the market decreased by 101.4 billion yuan compared to the previous trading day, indicating a contraction in market activity [13]

Group 1 - The core viewpoint of the articles is that bank deposit interest rates have significantly decreased, with many banks now offering rates below 2%, marking the entry into the "1 era" for deposit rates [2][4]. - Since April, several joint-stock banks and small banks have reduced deposit rates by 10 to 50 basis points, particularly focusing on long-term deposits like 3-year and 5-year terms [2][3]. - The phenomenon of interest rate inversion is becoming common, where 5-year deposit rates are lower than 3-year rates, indicating a trend of decreasing long-term deposit attractiveness [3]. Group 2 - Currently, the deposit rates for state-owned and joint-stock banks are generally below 2%, with even rural commercial banks and private banks lowering their rates to below 2% after previously offering higher rates [4]. - Some banks have made multiple rate cuts within a month, such as Fujian Huatuo Bank, which cut rates on April 10, 13, and 21 [3]. - The average dividend yield for bank stocks is around 4.27% as of April 28, 2024, which is significantly higher than the current deposit rates, making bank stocks an attractive alternative for investors seeking returns [10]. Group 3 - Investors are advised to explore small banks for potential deposits with rates above 2% and to diversify their asset allocation to mitigate risks and enhance returns [9]. - Suggested asset allocation includes 50% in deposits or government bonds, 30% in low-risk financial products, and 20% in equity funds, with adjustments based on individual risk tolerance [9]. - The articles highlight the importance of selecting stable dividend-paying stocks, particularly from monopolistic state-owned enterprises, to ensure consistent returns amidst stock price volatility [10].

Group 1 - The China Banking Index (399986) rose by 1.27% as of May 9, 2025, with notable increases in stocks such as Chongqing Bank (601963) up 3.07% and Qingdao Bank (002948) up 2.55% [1] - The China Banking ETF (512730) also saw a rise of 1.32%, marking its third consecutive increase, with the latest price at 1.61 yuan [1] - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio and a 0.1 percentage point decrease in policy interest rates, which is expected to lower the Loan Prime Rate (LPR) by approximately 0.1 percentage points [1] Group 2 - According to Guangfa Securities, the 50 basis point reduction in the reserve requirement ratio is estimated to release liquidity of about 1,005.1 billion yuan and indirectly lower the interest-bearing liabilities cost for banks, improving the net interest margin by approximately 0.06 basis points in 2025 [2] - The impact of Open Market Operations (OMO) adjustments is expected to primarily reflect in 2025, with a projected increase in net interest margin of about 0.8 basis points for 2025 and 0.05 basis points for 2026 [2] Group 3 - There is an expectation of a new round of deposit rate reductions led by large banks, which will help lower banks' funding costs and enhance profitability, particularly in the context of declining loan rates [3] - Guangfa Securities estimates that if a new round of deposit rate reductions begins in May, with a 5 basis point cut in demand deposit rates and a 10 basis point cut in fixed-term deposit rates, the net interest margin for listed banks could improve by 4.4 basis points in 2025 and 1.1 basis points in 2026 [3] Group 4 - The China Banking ETF closely tracks the China Banking Index and serves as an analytical tool for investors, categorizing the index samples into various industry classifications [4] - As of April 30, 2025, the top ten weighted stocks in the China Banking Index accounted for 65.11% of the index, including major banks such as China Merchants Bank (600036) and Industrial and Commercial Bank of China (601398) [4]

智通财经C50风向指数调查："双降"后新一轮存款利率下调预期升温 市场预计PSL或再次重启 智通财经5月9日电，新一期智通财经"C50风向指数"结果显示，多家市场机构预计，降准、降息落地 后，货币政策将呈现持续宽松的特征，资金利率中枢有望进一步下行。在20家参与调查的市场机构中， 19家认为二季度货币政策走向实质性宽松，16家预计2025年货币政策维持宽松基调。17家市场机构料下 调政策利率10BP后，1年期和5年期LPR也将同步下行10BP，新一轮存款利率调降或将开启。此外，为 配合政策性金融工具协同发力，抵押补充贷款（PSL）可能再次重启。（智通财经记者 夏淑媛） ...

将通过利率自律机制引导商业银行相应下调存款利率。市场预计，这意味着新一轮存款利率调降即将开 启。 政策性降息今日落地。 5月7日，央行行长潘功胜在国新办新闻发布会上宣布，为实施好适度宽松的货币政策，加力支持实体经 济，从5月8日起，公开市场7天期逆回购操作利率由此前的1.50%调整为1.40%，下调0.1个百分点。 5月8日，央行以固定利率、数量招标方式开展了1586亿元7天期逆回购操作，操作利率1.40%，投标量 1586亿元，中标量1586亿元。Wind数据显示，当日无逆回购到期，据此计算，单日净投放1586亿元。 这是自去年9月27日，7天期逆回购操作利率从1.7%下调至1.5%后的又一次降息。 此次降息被视为积极贯彻落实中央政治局会议要求的体现。 4月25日，中央政治局会议要求"加紧实施更加积极有为的宏观政策，用好用足更加积极的财政政策和适 度宽松的货币政策""适时降准降息，保持流动性充裕，加力支持实体经济"。 权威专家表示，此次降息充分体现了适度宽松的货币政策立场，是支持稳就业、稳企业、稳市场、稳预 期的有力举措，"降息充分体现逆周期调节力度加大"。 近一段时间，国内PPI持续处于负增长区间，CPI ...

商报讯(记者苗露)近日，多家中小银行跟进下调部分定期存款产品利率，部分银行5年期存款利率跌至 2.5%以下，且长短期"倒挂"，出现了"存五年不如存三年"的现象，让不少储户颇感惊讶。甚至，还有部 分机构月内已进行了两至三次利率下调动作。 业内人士分析，当前储户存储长期存款的意愿强烈，银行通过下调中长期存款利率，优化负债结构，应 对存款定期化带来的成本上升问题。这背后折射出中小银行负债管控的迫切性。 此外，还有华通银行也在本月两度下调存款利率。其中，3年期和5年期的个人定存产品利率自4月21日 起分别调整至2.45%和2.5%，分别下调25BP和10BP。距离前一次调整不过8天，此前该行于4月13日起 将3年、5年个人定期存款挂牌利率分别调整为2.70%和2.60%。 富民银行自4月17日起调整存款挂牌利率，其中三年期、五年期储蓄存款分别调整为2.5%、2.4%，均下 调了10BP。 融360数字科技研究院发布监测数据显示，今年3月，银行整存整取存款3个月期平均利率为1.249%，6 个月期平均利率为1.449%，1年期平均利率为1.566%，2年期平均利率为1.666%，3年期平均利率为 2.042%，5年期平 ...

Core Viewpoint - A wave of interest rate cuts is occurring in China, with multiple banks reducing deposit rates to alleviate pressure on their liabilities, following a trend initiated by several small and medium-sized banks [1][5][6]. Summary by Category Deposit Rate Adjustments - Several banks, including regional and private banks, have announced reductions in deposit rates effective from late April to early May. For instance, a bank in Henan has adjusted its one-year, two-year, three-year, and five-year deposit rates to 1.8%, 1.8%, 2.05%, and 1.95%, respectively, down by 10 to 15 basis points from rates effective March 1 [1][2]. - Xinjiang Fuhai Rural Commercial Bank has lowered its one-year deposit rate from 1.75% to 1.7%, and its two-year rate from 1.95% to 1.8%, among other adjustments [2][4]. Market Trends and Predictions - The trend of interest rate cuts is driven by net interest margin pressures and a response to policy guidance and market expectations. Many banks are adapting to lower market interest rates to stabilize interest income and explore non-interest income sources [5][6]. - Analysts predict that deposit rates still have room for further reductions, with expectations that rates will align closely with policy rate declines. The market is observing a significant drop in government bond yields compared to policy rates, indicating potential for further decreases in asset yields [5][6]. Monetary Policy Implications - The recent statements from the political bureau regarding monetary policy suggest a shift towards more timely adjustments in reserve requirement ratios and interest rates, with expectations that deposit rates will be prioritized over Loan Prime Rate (LPR) adjustments [6][7]. - It is anticipated that the current round of deposit rate adjustments will begin with small and medium-sized banks, aiming to minimize the impact on larger banks while ensuring liquidity support for major bondholders [7].

类似情况并非个例，记者梳理发现，4月以来多家民营银行密集宣布下调存款利率，部分银行5年期存款 利率跌至2.5%以下，且长短期"倒挂"。此外，部分机构月内已进行了两至三次利率下调动作。 部分银行三年期、五年期利率"倒挂" 记者梳理发现，4月以来，多家民营银行密集下调存款利率，其中部分机构已进行了两至三次下调动 作。 例如，华瑞银行本月针对中长期限的存款利率已进行了三次调整。4月1日起，该行五年期存款利率由 2.7%调整至2.65%，随后在4月16日调整至2.55%，最新公告显示，4月28日起五年期存款利率将进一步 下调至2.4%。此外，该行三年期存款利率也在4月16日由2.7%下调至2.6%，并将在4月28日起进一步下 调至2.5%。最新调整后，该行三年期存款月内累计下调20BP，五年期月内累计下调30BP，三年期和五 年期利率出现"倒挂"。 每经记者 李玉雯 每经编辑 张益铭 4月27日，华瑞银行公告称，自次日起调整部分期限存款挂牌利率，其中整存整取三年期、五年期分别 调整为2.5%、2.4%，较此前分别下调10BP、15BP。记者注意到，本月以来，该行已三次调整存款利 率，调整集中在三年期及五年期的利率水平 ...

民营银行加速"降息"。 在此起彼伏的民营银行降息潮中，许久未出手的民营银行"一哥"微众银行终于现身了。 近日，微众银行公告，该行计划于4月29日起调整个人存款产品年利率，调整后，整存整取定期存款5年期、3年期、2年期、1年期的年利率均为1.60%；大 额存单3年期、2年期、1年期、6个月的年利率均为1.60%。 根据该行APP显示，此前整存整取定期存款5年期、3年期、2年期、1年期、6个月、3个月的年利率分别为2%、2%、2%、1.8%、1.60%和1.4%。 也就是说，微众银行5年期、3年期、2年期定期存款均下调了40BP（基点），1年期下调了20BP。 过往的民营银行存款利息调降，通常采用"小步快跑"的方式，即调降幅度小，但频次多。比如，今年以来，就有多家民营银行已两次下调了存款利率，但每 次仅下调10BP左右。 如此大幅调息的案例比较少，上一次下调40BP的还是众邦银行，该行自4月1日起，3年期大额存单利率从2.6%调降至2.4%，降幅20BP，5年期大额存单利率 从2.9%直降至2.5%，下调40BP。 微众银行此番降息之后，5年期存款利率已经开始逼近国有大行，部分期限存款利率甚至低于股份行。 6家国 ...