Core Viewpoint - The recent trend of interest rate cuts on deposits by small and medium-sized banks follows the collective reduction by major state-owned banks, aimed at controlling liability costs and responding to competitive pressures in the banking sector [1][4][7] Summary by Relevant Sections Interest Rate Cuts - Since August, nearly 20 small and medium-sized banks, including Jiangsu Bank and Shenzhou Ruifeng Village Bank, have lowered their deposit rates, with three-year and five-year fixed deposit rates generally reduced by 10 to 20 basis points, now below 2% [1][3] - Specific examples include Guangdong Chaozhou Rural Commercial Bank reducing its three-year and five-year rates to 1.3% and 1.35%, respectively, and Jilin Longtan Huayi Village Bank lowering its three-year and five-year rates to 1.75% and 1.70% [2][3] Market Response and Strategies - To alleviate deposit pressure, many banks are introducing higher-yielding large-denomination certificates of deposit (CDs), with rates reaching up to 2.3% for certain products [5][6] - The trend of lowering deposit rates is seen as a response to the competitive landscape created by state-owned banks, which have also reduced their rates, prompting smaller banks to follow suit to manage their liability costs [4][7] Recommendations for Small and Medium-Sized Banks - Experts suggest that small and medium-sized banks should optimize their liability structures, enhance customer retention through technology, and develop differentiated financial products to attract stable funding sources [8] - There is an emphasis on the need for banks to improve their asset-liability management and avoid over-reliance on high-interest deposits, which could lead to unsustainable practices [6][8]

Core Viewpoint - The article discusses the recent performance of major Chinese banks, particularly focusing on the second quarter results and the overall trends in the banking industry, highlighting a subtle cooling in the market and the challenges faced by banks in terms of profitability and net interest margins [1][3]. Group 1: Banking Performance Overview - Major banks such as ICBC, ABC, BOC, and CCB reported varying results in terms of revenue and net profit growth, with some banks experiencing declines in revenue and profit [2]. - For example, 招行 (China Merchants Bank) reported a revenue decline of 1.72% and a profit increase of 0.25%, indicating a complex financial landscape where profitability is challenged despite some growth in net profit [5][6]. Group 2: Key Challenges in the Banking Sector - The overall banking sector is experiencing a downward trend in fundamental performance, with banks' absolute earning capabilities weakening [5]. - Net interest margin remains a significant challenge, with 招行's net interest margin at approximately 1.8%, which is better than the four major banks but has narrowed compared to previous quarters [12][13]. Group 3: Interest Rates and Profitability - A decrease in deposit interest rates has both positive and negative implications; while it reduces interest costs, it also accelerates the outflow of deposits towards wealth management products [10][11]. - The average cost of deposits has dropped from 1.51% to 1.18%, significantly impacting 招行's profitability, as it saved approximately 1.9 billion from reduced interest payments [10]. Group 4: Investment and Asset Management Trends - There has been a notable increase in investments in government bonds and local government bonds, reflecting a shift in the financial landscape and government leverage [22]. - The bank's non-standard assets have significantly decreased, indicating a transformation in economic structure and financing needs [20][21]. Group 5: Wealth Management and Fund Sales - 招行's wealth management capabilities are highlighted as a competitive advantage, with a significant increase in clients and assets under management [28]. - Fund sales have surged, with代销收入 (agency sales income) increasing by 24%, although overall fund sales showed a decline, indicating a shift in market dynamics [27].

Core Viewpoint - Several small and medium-sized banks in China have announced a reduction in RMB deposit rates, with cuts ranging from 10 to 20 basis points [2][3]. Group 1: Deposit Rate Adjustments - Jiangsu Bank and Nanjing Bank have adjusted their three-year fixed deposit rates, with Nanjing Bank's rate decreasing from 1.85% to 1.75% [3]. - Jilin Longtan Huayi Village Bank has lowered its current deposit rate from 0.2% to 0.15% and reduced fixed deposit rates across various terms by 10 to 20 basis points [3]. - Shandong Gaomi Huimin Village Bank has also cut its fixed deposit rates by 10 basis points for 6-month, 1-year, and 2-year terms, and by 20 basis points for 3-year and 5-year terms [3]. - Other banks, including Zhejiang Shengzhou Ruifeng Village Bank and Jilin Baishan Hunjing Hengtai Village Bank, have similarly reduced deposit rates by 10 to 20 basis points [3]. Group 2: Banking Sector Performance - As of the end of Q2, China's commercial banks reported a net interest margin of 1.42%, a decrease of 0.01 percentage points from the end of Q1, indicating pressure on bank profitability [3]. - The reduction in deposit rates is a strategy for banks to cope with the declining net interest margin, allowing them to maintain competitiveness in short-term deposits while lowering long-term funding costs [3]. Group 3: Historical Context and Market Trends - In May, six major banks collectively lowered deposit rates by up to 25 basis points, setting a benchmark for market rates [4]. - From 2017 to 2022, the deposit scale of major Chinese banks grew from 79.31 trillion yuan to 119.24 trillion yuan, with a compound annual growth rate of 8.50% [4]. - Since 1994, China's benchmark deposit rate has gradually decreased, and while the central bank's rate has not changed in seven years, market rates have continued to decline, significantly reducing actual deposit yields [6]. Group 4: Macroeconomic Effects - The reduction in deposit rates has a dual macroeconomic effect: it may stimulate consumer spending while lowering corporate financing costs [7]. - For instance, with a three-year fixed deposit rate of 1.75%, a deposit of 100,000 yuan would yield 100 yuan less annually compared to before the adjustment, potentially translating into increased consumer spending [7]. - The shift of funds towards equity markets and the real economy could facilitate structural economic transformation and upgrading [7].

Core Viewpoint - Several small and medium-sized banks in China have announced reductions in RMB deposit rates, with decreases ranging from 10 to 20 basis points [1][12]. Summary by Category Deposit Rate Adjustments - Jiangsu Bank and Nanjing Bank have adjusted their 3-year fixed deposit rates from 1.85% to 1.75% [3][5]. - High-Mi Hui Min Village Bank has reduced its personal fixed deposit rates for 6 months, 1 year, and 2 years by 10 basis points, while the 3-year and 5-year rates have been cut by 20 basis points [6][8]. - Jilin Longtan Huayi Village Bank has also lowered its rates, with the 3-month, 6-month, 1-year, and 2-year rates down by 10 basis points, and the 3-year and 5-year rates down by 20 basis points [8]. Market Trends and Implications - The recent rate cuts by smaller banks are seen as a follow-up to earlier reductions by larger commercial banks, which had maximum cuts of 25 basis points [10][12]. - The current average rates for major banks are 0.05% for demand deposits, 1.25% for 3-year deposits, and 1.3% for 5-year deposits [10]. - The trend of declining deposit rates is expected to continue, prompting smaller banks to move away from reliance on high-interest deposits and to develop differentiated products and services to enhance their core competitiveness [14]. Financial Data Insights - In the first half of the year, RMB deposits increased by 17.94 trillion yuan, with household deposits rising by 10.77 trillion yuan [15]. - However, there was a net decrease of approximately 1.11 trillion yuan in household deposits in July alone [15]. - As of the second quarter of 2025, the net interest margin for commercial banks was 1.42%, reflecting a slight decline from the previous quarter [15].

Core Viewpoint - Multiple banks in China have recently announced reductions in RMB deposit rates, affecting various types of deposits, with the highest cut reaching 20 basis points [1][2][3]. Group 1: Deposit Rate Adjustments - Jiangsu Bank has lowered its 3-year personal fixed deposit rate from 1.85% to 1.75%, effective from August 20, while other terms remain unchanged [2]. - Shen Zhou Rui Feng Village Bank has announced comprehensive rate cuts for personal fixed deposits, with 3-month rates dropping to 0.8% and 5-year rates to 1.3%, with reductions ranging from 10 to 20 basis points [2][3]. - Jilin Longtan Huayi Village Bank has adjusted its rates, with the 3-month and 6-month rates down to 1.15% and 1.35%, respectively, and 3-year and 5-year rates down to 1.75% and 1.7% [3]. Group 2: Reasons for Rate Cuts - The primary motivation for small and medium-sized banks to lower deposit rates is to alleviate the pressure from narrowing net interest margins and optimize their liability cost structure [4]. - The Loan Prime Rate (LPR) has been reduced multiple times, leading to a decline in loan yields, while deposit rates have lagged behind, creating a "margin squeeze" effect [4]. Group 3: Future Outlook - The banking sector's net interest margin was reported at 1.42% as of the end of Q2, down 0.01 percentage points from Q1, indicating ongoing downward pressure on deposit rates [5]. - Experts predict that the downward trend in deposit rates will continue in the short term, as banks seek to stabilize their net interest margins and improve overall profitability [5]. - Strategies for small and medium-sized banks to enhance core competitiveness include product innovation, refined asset-liability management, accelerated digital transformation, and focusing on local markets [5][6].

Group 1 - The core viewpoint is that Chinese residents' bank deposits surged to a historic high of 10.77 trillion yuan in the first half of 2025, driven by both older and younger demographics seeking financial security amid economic uncertainties [1] - The trend of increasing bank deposits is influenced by the perceived risks in stock markets, funds, and wealth management products, leading individuals to prefer the safety of bank deposits where principal and interest are guaranteed [1] Group 2 - Banks are encouraging depositors to withdraw funds for investment and consumption to stimulate economic growth, while also indicating that deposit rates are expected to decline, which will lower loan rates and potentially boost borrowing [6] - It is advised that individuals maintain some liquid funds to avoid penalties from early withdrawal of fixed-term deposits, especially in case of emergencies [8] - The risk of small and medium-sized banks facing bankruptcy or dissolution is rising, with recent examples including the failures of Liao Yang Rural Commercial Bank and Tai Zi He Village Bank, prompting recommendations to diversify deposits across multiple banks [9][11] - The current low deposit rates may deter some from keeping funds in banks, but the presence of bubbles in stock, real estate, and gold markets suggests that waiting for a market correction could present significant investment opportunities in the future [13]

Core Viewpoint - Multiple banks in China have recently announced reductions in RMB deposit rates, affecting various types of deposits, with the highest cut reaching 20 basis points [1][2][3] Group 1: Deposit Rate Adjustments - Jiangsu Bank has lowered its 3-year personal fixed deposit rate from 1.85% to 1.75%, effective from August 20, while other terms remain unchanged [2] - Shen Zhou Rui Feng Village Bank has announced comprehensive rate cuts for personal fixed deposits, with 3-month rates dropping to 0.8% and 5-year rates to 1.3%, with reductions ranging from 10 to 20 basis points [2][3] - Jilin Longtan Huayi Village Bank has adjusted its rates, with the 3-month and 6-month rates down to 1.15% and 1.35% respectively, and 3-year and 5-year rates down to 1.75% and 1.7% [3] Group 2: Reasons for Rate Cuts - The primary motivation for small and medium-sized banks to lower deposit rates is to alleviate the pressure from narrowing net interest margins and optimize their liability cost structure [4] - The Loan Prime Rate (LPR) has been reduced multiple times, leading to a decline in loan yields, while deposit rates have lagged behind, creating a "margin squeeze" effect [4] Group 3: Future Outlook - The banking sector's net interest margin was reported at 1.42% as of the end of Q2, down 0.01 percentage points from Q1, indicating ongoing downward pressure on deposit rates [5] - Experts predict that the downward trend in deposit rates will continue in the short term, as banks seek to stabilize net interest margins and improve overall profitability [5] - Strategies for small and medium-sized banks to enhance core competitiveness include product innovation, refined asset-liability management, digital transformation, and focusing on local markets [6]

Core Viewpoint - Recent rounds of interest rate cuts have led to many village and town banks lowering their deposit rates, with some rates now equal to or lower than those of major state-owned banks [2][6]. Group 1: Interest Rate Cuts - A new round of LPR and deposit rate cuts was implemented on May 20, with major state-owned banks and some joint-stock banks lowering their rates simultaneously [3]. - In May, 15 out of 19 private banks reduced their interest rates, with a total of 22 cuts, marking a significant shift from previous gradual adjustments to more aggressive cuts [3]. - By July and August, while private banks stabilized their rates, village banks continued to lower their deposit rates further [3]. Group 2: Specific Rate Adjustments - Jilin Longtan Huayi Village Bank announced a reduction in deposit rates effective August 20, with rates for various terms lowered by 0.1 percentage points [4]. - BaiShan HunJiang Hengtai Village Bank also adjusted its rates, with reductions across multiple terms, including a 0.2 percentage point cut for three-year and five-year deposits [5]. - Shengzhou Ruifeng Village Bank reduced its rates significantly, with three-month to five-year rates dropping to as low as 1.3% [5]. Group 3: Comparison with State-Owned Banks - After multiple rounds of cuts, some deposit rates at smaller banks are now equal to or lower than those of major state-owned banks, which have rates of 0.65% to 1.3% across various terms [6]. - For instance, Shengzhou Ruifeng Village Bank's five-year deposit rate matches that of state-owned banks, while others like Guangzhou Huadu Chouzhou Village Bank offer rates below those of state-owned banks [6]. Group 4: Market Trends - Data from Rong360 indicates that bank deposit rates are in a downward trend, with average rates for various terms showing declines compared to June [7]. - The average three-month deposit rate is now at 0.943%, with significant decreases across all terms, indicating a broader market trend towards lower interest rates [7].

近期，广东、吉林等地多家中小银行宣布下调存款利率，且不少银行在一两个月前刚刚进行过调整。整 体来看，不同期限利率降幅在5~20BP（基点），其中3年期、5年期的降幅更大。 记者注意到，部分银行年内已进行了数次存款利率下调。例如，吉林白山浑江恒泰村镇银行年内已4次 调整存款利率。 值得一提的是，存款利率持续下行，为理财产品创造了更大的吸引力。据普益标准数据，截至7月末， 全市场净值型理财产品规模突破31万亿元。 又一波存款降息潮来袭 记者注意到，自2022年4月存款利率市场化调整机制建立以来，国有大行带头进行了七轮存款挂牌利率 下调，最近一轮于今年5月20日启动。如同前几轮存款利率下调的节奏，在大行领头下调后，股份行、 城商行、农商行等众多银行机构纷纷跟进。 "银行净息差仍处于历史低位，负债端成本管控需求持续存在。"融360数字科技研究院艾亚文表示，"适 时降准降息"表述仍为市场主要预期导向，但短期内存款利率单独调整的概率较低，更可能通过LPR联 动机制实现传导，定期存款利率是否会再次大幅下调需等待政策利率变动，预计三四季度仍有一轮调 整，时间窗口可能在10月份左右。 据金融监管总局披露，截至2025年二季度末 ...

2025.08. 21 本文字数：1902，阅读时长大约3分钟 作者 | 第一财经 安卓 近日，又有多地村镇银行宣布下调存款利率。第一财经发现，在多轮降息以后，部分中小银行的存款 利率已与国有大行持平，甚至部分低于国有大行。 融360数字科技研究院高级分析师艾亚文对记者分析，中小银行面临持续收窄的净息差压力，需通过 降低存款利率缓解负债端成本，而村镇银行作为中小银行分支，需跟进调整以维持盈利能力。 白山浑江恒泰村镇银行继6月29日之后，再发公告调整存款利率，整存整取三个月、六个月、一年 期、二年期、三年期、五年期存款利率由1.25%、1.45%、1.70%、1.75%、1.95%、1.90%分别调 整为1.15%、1.35%、1.60%、1.65%、1.75%、1.70%。其中，三年期、五年期存款利率下调0.2 个百分点，其余期限下调0.1个百分点。 另外，嵊州瑞丰村镇银行也于8月19日下调了存款利率，三个月、六个月、一年期、二年期、三年 期、五年期存款利率由6月份的1%、1.3%、1.35%、1.35%、1.4%、1.4%分别下降至0.8%、 1.1%、1.15%、1.15%、1.3%、1.3%。 总体来看 ...