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 ...

昨天，发生了哪些财经大事？ 市场监管总局回应 李嘉诚旗下长和港口交易 4月27日消息，日前，市场监管总局新闻发言人就长和港口交易事回答了记者提问。 有记者问：据《华尔街日报》4月16日报道，长和出售海外港口将分拆为两个交易继续进 行，国家市场监督管理总局对此有何评论？ 答：我们高度关注有关交易，将依法进行审查。交易各方不得采取任何方式规避审查，未获 批准前，不得实施集中，否则将承担法律责任。 中纪委通报三河招牌改色事件 金价巨震！多家银行警告 纽约商品交易所6月黄金期价，继周一首次收于每盎司3400美元整数关口上方，周二盘中 一度突破每盎司3500美元整数关口，触及每盎司3509.9美元的历史新高。随着市场避险情 绪的降温，当天收盘出现小幅回落，仍收于每盎司3400美元上方。 随后在周三，金价出现大幅回落。由于市场避险情绪显著降温、大量资金获利了结。此外，美国财政 部周三拍卖的700亿美元5年期国债结果整体较为理想，部分资金重返债市，加剧了金价下行压力，多 重因素致使国际金价周三大跌3.66%。 周五，在美元走强的影响下，以美元计价的金价因此承压，当天收盘，纽商所6月黄金期价报每盎司 3298.40美元，较前 ...

Group 1 - In the first quarter of 2025, household deposits surged by 9.22 trillion yuan, with an average increase of over 6,000 yuan per person, marking a historical high for the same period [1] - The primary reasons for the increase in household savings include the need to prepare for unexpected events such as unemployment and illness, as well as concerns over the risks associated with stock markets, funds, and bank wealth management products [1] Group 2 - Starting from 2024, state-owned banks have continuously lowered deposit interest rates, with the one-year fixed deposit rate dropping from 2.25% to 1.55%, resulting in a decrease of 700 yuan in interest income for depositors [5] - The reduction in deposit rates is aimed at encouraging depositors to invest and consume, stimulating economic growth, and reducing the financing costs for society [5] Group 3 - There is an increasing risk of bankruptcy or dissolution among small and medium-sized banks, with 195 such banks announcing dissolution in 2024 alone [8] - Depositors are advised to diversify their savings across multiple banks, keeping deposits below 500,000 yuan per bank to ensure safety in case of bank failures [8] Group 4 - To avoid liquidity issues, depositors are recommended to stagger their fixed deposits into different terms (1 year, 2 years, and 3 years) to maintain access to funds while still benefiting from higher interest rates [11] Group 5 - Preparations for potential asset bubbles bursting in real estate and stock markets are advised, particularly in major cities where housing prices are significantly high relative to income [14] - The current high price-to-earnings ratios of newly listed stocks indicate a potential bubble, with many stocks experiencing declines post-listing [14]

Core Viewpoint - The deposit interest rates are rapidly entering the "1.0" era, with a notable widening of the interest rate gap between 3-year and 5-year deposits [1] Summary by Relevant Categories Deposit Interest Rates - As of March 2025, the average interest rates for various deposit terms are as follows: 3-month at 1.249%, 6-month at 1.449%, 1-year at 1.566%, 2-year at 1.666%, 3-year at 2.042%, and 5-year at 1.883% [1] Interest Rate Spread - The interest rate spread between 3-year and 5-year deposits has further increased, indicating a growing disparity in deposit rates for these terms [1]

Core Viewpoint - The average deposit rates for various terms are declining, with a notable increase in the spread between short-term and long-term deposit rates, indicating a shift in banks' strategies to optimize their liability structures [1][4][9]. Deposit Rate Trends - As of March 2025, the average rates for different deposit terms are as follows: 3-month at 1.249%, 6-month at 1.449%, 1-year at 1.566%, 2-year at 1.666%, 3-year at 2.042%, and 5-year at 1.883% [1][3]. - The month-on-month changes show slight increases in short-term rates (3-month, 6-month, 1-year, and 2-year) while the 3-year and 5-year rates have decreased significantly [4]. Long-term vs Short-term Deposits - There is a strong willingness among depositors to store long-term deposits, leading banks to lower long-term deposit rates to manage the risks associated with high-interest liabilities [4][8]. - Analysts suggest that banks are adopting a "short-term pressure long-term" strategy to guide customers towards shorter-term deposits, reflecting a proactive approach to managing interest rate risks [4][5]. Large Certificate of Deposit (CD) Trends - The average rates for large CDs have also shown a downward trend, with the 3-month rate at 1.386%, 6-month at 1.610%, 1-year at 1.719%, 2-year at 1.867%, 3-year at 2.197%, and 5-year at 2.038% [5][6]. - The decline in large CD rates has led to a situation where the rates for 3-year and 5-year CDs are inverted, indicating a market shift [5][6]. Market Dynamics - The narrowing interest rate spread between large CDs and regular term deposits has resulted in decreased sales of large CDs, as customers find little incentive to choose them over regular deposits [7]. - Factors contributing to the decline in large CD rates include the need for banks to optimize their liability structures, the central bank's rate cuts, and a relatively relaxed market liquidity environment [7]. Structural Deposit Trends - The average term for structured deposits is 89 days, with a slight increase in the average expected yield to 1.96% [8]. - Different types of banks show varying average terms and yields for structured deposits, with state-owned banks having the shortest average term [8]. Future Outlook - Analysts predict that deposit rates are likely to continue declining due to multiple factors, including market expectations, policy rate adjustments, and the need for banks to control funding costs [9].

明明｜中信证券首席经济学家 S1010517100001 债市启明｜美债波动原因、影响几何？ 美债市场近期波动剧烈，反映市场对于美元资产信任在下降。美债波动剧烈或中枢处 于高位或将加剧全球主权债市场定价压力，并可能推动资金转向黄金及中债、欧债等 替代资产。对中国市场而言，中长期来看，受益于政策托底和国内经济韧性，A股和 人民币资产配置价值或将凸显。 风险因素：特朗普政策变动超预期；美国与其他国家贸易摩擦风险超预期；全球经济 超预期；美国货币政策超预期；地缘政治风险超预期等。 吴威辰｜中信证券 电池与能源管理首席分析师 S1010521060001 锂电负极｜宁德时代快充、钠电等新品发布，打开负极材料新空间 2025年4月21日，宁德时代在超级科技日上发布了二代神行、二代钠电、骁遥双核等 新产品，其中二代神行电池峰值充电倍率12C全球领先，石墨负极与负极包覆材料有 望受益，二代钠电池在极寒环境下保持良好的充放电性能，启停电池计划2025年6月 量产，动力电池计划2025年12月量产，有望带动硬碳负极放量，此外，宁德时代发布 的骁遥双核电池，应用了自生成负极技术，金属直接沉积在负极的集流体上，我们预 计该新技术正 ...

Core Viewpoint - The article discusses the emergence of "deposit specialists" who actively seek high-interest deposit rates across different regions as banks continuously lower their fixed deposit interest rates [1][3][8]. Group 1: Deposit Specialists' Activities - Deposit specialists are utilizing social media to request recommendations for high-interest deposits, indicating a proactive approach to asset management among savers [3][4]. - A case study highlights an individual traveling over 1,100 kilometers to secure a 5-year fixed deposit with an interest rate of 3% [3][4]. - Banks are incentivizing these depositors with gifts and cash subsidies to attract them, showcasing a competitive environment among banks [6][7]. Group 2: Bank Strategies and Customer Manager Behavior - Bank customer managers are resorting to personal financial incentives, such as cash rebates and gift vouchers, to attract depositors, reflecting pressure to meet performance targets [6][7]. - The article notes that customer managers from various banks, including local commercial banks and rural banks, are actively promoting their deposit products to potential customers [4][5]. - The reliance on personal incentives to attract deposits raises concerns about the quality of customers acquired through such means [7]. Group 3: Market Trends and Regulatory Environment - Since April, a trend of declining deposit rates has been observed across various types of banks, with significant impacts on 3-year and 5-year fixed deposit rates [8][9]. - The financial regulatory authority has indicated that banks are under pressure to reduce high-cost liabilities, which aligns with the trend of lowering deposit rates [8][9]. - Analysts suggest that banks should focus on sustainable growth and effective asset-liability management rather than merely expanding deposit volumes [9].

2025.04. 14 本文字数：2248，阅读时长大约5分钟 作者 | 第一财经 王方然 近日，股份制大行、中小银行开始陆续下调银行存款利率，中长期限存款利率降幅在10BP～50BP 不等。目前，多数银行的定期存款的利率普遍低于2%，迈向"1时代"。 第一财经记者注意到，本轮存款利率调降后，出现不少新趋势。存款利率下行、贷款利率上行后，原 本在市场中存在的存贷利率套利空间正在逐渐消失。此外，多家银行利率调降后，出现存款利率期限 倒挂，部分银行五年期存款利率不如一年期存款。 江西江州农商银行于4月9日起调整存款挂牌利率。调整后定存期限利率全线倒挂，1年期、3年期、5 年期存款利率分别为1.5%、1.48%、1.47%。 业内专家认为，银行密集调降存款利率一方面是为了压降负债端成本，缓解日益增加的息差压力；另 一方面，今年年初，中国人民银行多次提及"择机降息降准"， 银行下调存款利率也与宏观政策方向 相契合。 多家银行下调存款利率至2%以下 "上周我们存款利率刚下调过一轮，基本都低至2%以下了。"平安银行深圳某网点工作人员对记者表 示。该行"平安存"产品三年期定存年利率由2.05%下调至1.65%，下调40个基 ...

多家银行下调 4月10日，汝阳兴福村镇银行发布公告表示，将于4月11起调整人民币存款挂牌利率，其中6个月期定期 存款利率由1.3%下调至1.2%，1年期定期存款利率由1.65%下调至1.45%，2年期定期存款利率由1.7%下 调至1.6%。 4月10日，福建华通银行、山东平邑汉源村镇银行等银行下调存款利率。据记者梳理，4月以来，湖北、 云南、江苏等地多家中小银行密集下调存款利率。 业内人士表示， 银行在季度末、年度末，为了完成存款任务，往往会推出短期高利率活动，随着考核 冲刺期结束，存款利率转而回落。 图片来源：平邑汉源村镇银行微信公众号 4月以来，湖北、云南、江苏等地中小银行密集下调存款利率。 业内人士表示，银行在季度末、年度末，为了完成存款任务，往往会推出短期高利率活动。 具体来 说，每年的1月、每个季度的最后1个月，存款利率往往较高。这种因考核驱动形成的利率高峰具有明显 周期性特征，通常随着冲刺时段的结束而回落。 长短期存款利率倒挂 记者发现， 多家银行存在存款利率长短期倒挂现象， 例如汝阳兴福村镇银行3年期定期存款利率为 1.95%，比5年期定期存款利率高出25个基点；再如山东平邑汉源村镇银行50万元 ...