本报（chinatimes.net.cn）记者卢梦雪 北京报道 "抓紧这几天锁定当前利率，错过就只能按新利率了。"近日，有多家中小银行客户经理向记者表示，该 行即将开始新一轮存款利率调降。 其中，从1月4日起，振兴银行整存整取两年期、三年期存款利率均下降到1.8%，5年期存款利率下调到 1.7%。1月16日起，新安银行两年期存款利率从2.35%下调到2.25%，下调10个基点。庆安农村商业银行 单位、个人整存整取的三个月、六个月存款产品利率相比此前分别下调了20个基点、25个基点，一年 期、两年期、三年期、五年期存款利率亦有所下调，七天存款利率较此前下调了30个基点，降幅最大。 记者注意到，2026年开年以来，中小银行降息节奏明显加快，调整力度不减。1月份已有多家中小银行 公告将下调或已下调存款利率，中长期产品存款利率降幅相对更大，部分期限存款产品利率降幅最高达 55个基点。 不过，在普遍降息的同时，仍有部分中小银行推出"开门红"活动，选择阶段性上浮存款利率。多家村镇 银行、农商行、城商行近期推出活动，不仅存款利率上浮，部分还赠送精美礼品。 开年即降息，中长期产品受冲击 1月9日，贵阳花溪建设村镇银行公告，调 ...

新年伊始，银行存款利率调整大幕再度拉开。 《金融时报》记者注意到，1月以来，已有安徽新安银行、辽宁振兴银行、山西浑源农商行等多家中小银行密集发布存款利率调整的公告。其中，多数银 行延续了降息的趋势，也有少数区域中小银行有针对性上调部分定期存款利率。 从降息阵营的具体动向来看，多家中小银行的调整呈现出"全期限覆盖、差异化降幅"的特征，民营银行与村镇银行成为本次调整的主力。 在民营银行中，新安银行于2025年12月26日在官方微信公众号发布公告称，将于1月16日起下调储蓄存款产品利率。其中，该行二年期定期存款利率从 2.35%降至2.25%，降幅为10个基点。 | 存期 | 调整后利率 (%) | | --- | --- | | 三个月 | 1.45 | | 六个月 | 1.65 | | 一年 | 1.85 | | 二年 | 2.25 | | 三年 | 2.20 | 1月3日，辽宁振兴银行发布了《关于调整人民币存款利率的公告》，自1月4日起，该行整存整取定期存款二年期、三年期利率均调整为1.80%，五年期存 款利率调整为1.70%。 经另一家民营银行营销人员证实，自1月5日起，该行全期限定期存款利率均下调20个基 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The A-share market is strong, with the Shanghai Composite Index hitting a record-long winning streak, and the stock index futures can be considered for trend-following operations [9][13]. - The bond market is under pressure, and the strategy for treasury bond futures is to maintain a flattening yield curve [15]. - Steel is expected to maintain a sideways trend, and iron ore is recommended to be shorted on rallies [17][18]. - The prices of coking coal and coke may rise sideways in the short term, and attention should be paid to the disturbances from coal mine production and safety inspections [19]. - For ferroalloys, it is recommended to short on rallies in the medium term, paying attention to position management [21]. - For soda ash, it is advisable to wait and see; for glass, try to go long after the market sentiment stabilizes [22]. - The short-term price of lithium carbonate will be strong, but beware of significant fluctuations [24]. - For industrial silicon, pay attention to the opportunity to sell out-of-the-money call options on rallies; for polysilicon, hold the previous long positions and continue to look for opportunities to buy on dips [25][26]. - For cotton, operate by buying on dips and rolling; for sugar, trade short-term in the low range [28][30]. - The near-term contracts of eggs are expected to have limited upside space, while the far-term contracts are supported by strong expectations but also have limited upside [32][33]. - The apple futures may be strong, and the corn futures will be sideways to strong in the short term [34]. - The jujube market will maintain a sideways trend, and the short-term spot price of live pigs is likely to decline [36][38]. - The oil price will be sideways without new events, and the prices of fuel oil and plastics will follow the oil price [40][42][43]. - The rubber futures will be sideways, and it is advisable to go long on dips; the synthetic rubber may be strong in the short term, and it is advisable to wait and see if there are no positions [45][46]. - For methanol, consider a slightly long allocation for the far-term contracts; for caustic soda, maintain a long position [47][48]. - The asphalt price is expected to fluctuate more significantly, and pay attention to the price bottom after the winter storage game [49]. - The polyester industry chain prices will follow the cost, and consider the PX and PTA 5 - 9 inter - month positive spreads [51]. - The LPG price has support, but the upside space is limited; the pulp futures are advisable to wait and see; the urea market will be strong in the short term [52][53][55]. Summary by Relevant Catalogs Macro Information - On January 6, the Shanghai Composite Index rose 1.5% to 4083.67 points, achieving a 13 - day winning streak and hitting a new high in over 10 years [9]. - The 2026 International Consumer Electronics Show (CES 2026) kicked off on January 6. NVIDIA announced the full production of the new - generation AI chip platform Vera Rubin, and launched the world's first open - source VLA autonomous driving inference model Alpamayo [9]. - The People's Bank of China deployed key tasks for 2026, including using various monetary policy tools flexibly and efficiently, and strengthening financial market supervision [9]. - China decided to ban the export of all dual - use items to Japanese military users and military purposes [10]. - Four departments jointly issued a document to promote employees' cultural and sports consumption [10]. - Regulatory authorities surveyed some wealth management companies to address the bottlenecks for medium - and long - term funds to enter the market [10]. - As of January 5, over 280 Hong Kong - listed companies released their 2025 fiscal year performance forecasts. The performance of non - ferrous metal and innovative drug companies was generally good, while some traditional industries faced pressure [10]. - The China Securities Index Company announced index adjustments, which will take effect after the market closes on January 9 [11]. - More than a dozen small and medium - sized banks adjusted their deposit interest rates, showing a differentiated pattern [11]. - Boston Dynamics under Hyundai Motor plans to produce 30,000 Atlas humanoid robots annually in the US starting in 2028 [11]. - A US senior official said that Trump's team is discussing various options to acquire Greenland [11]. - A large number of US military planes flew to Europe recently, and Iran's armed forces are on high alert [12]. - The US Secret Service launched a large - scale recruitment campaign to prepare for major events in 2028 [12]. Stock Index Futures - The A - share market continued to rise with enlarged trading volume. The three major PMI indexes all rose to the expansion range, indicating an overall recovery of China's economic prosperity. It is recommended to consider trend - following operations [13][14]. Treasury Bond Futures - The capital market is balanced and slightly loose, and the stock index is strong, putting pressure on the bond market. The strategy is to flatten the yield curve [15]. Black Metals Steel and Iron Ore - Policy has little impact on steel production. The demand for building materials is weak, while the demand for coils is okay. The supply of steel mills is stable, and the inventory is high. The valuation of iron ore is reasonable, and the supply is strong while the demand is stable. Steel is expected to be sideways, and iron ore is recommended to be shorted on rallies [17][18]. Coking Coal and Coke - The prices of coking coal and coke may rise sideways in the short term. The supply of coking coal may shrink, and the potential negative feedback risk restricts the price increase. The inventory of upstream enterprises is increasing, and the downstream replenishment is slow [19][20]. Ferroalloys - The market is affected by emotions, and it is not recommended to chase the rise. It is advisable to short on rallies in the medium term, paying attention to position management [21]. Soda Ash and Glass - For soda ash, wait and see; for glass, try to go long after the market sentiment stabilizes. The supply of soda ash is at a high level, and new capacity may be put into production. The market expects cold - repair of glass production lines, and attention should be paid to the implementation of cold - repair [22]. Non - ferrous Metals and New Materials Lithium Carbonate - The short - term price will be strong, but beware of significant fluctuations. The fundamentals are slightly weak, but the mine disturbances reduce the复产 expectation, and the long - term demand is good [24]. Industrial Silicon and Polysilicon - For industrial silicon, pay attention to the opportunity to sell out - of - the - money call options on rallies. For polysilicon, hold the previous long positions and continue to look for opportunities to buy on dips. The supply and demand of industrial silicon are in a loose balance, and the supply and demand of polysilicon are stable, with the anti -内卷 policy dominating the market [25][26]. Agricultural Products Cotton - The short - term supply is loose, but the long - term supply is expected to shrink. It is advisable to buy on dips and roll. The international cotton price is affected by the planting area and export, and the domestic cotton price is affected by the pre - holiday replenishment and the decline in production before the Spring Festival [28][29]. Sugar - The domestic sugar market is in a season of strong supply and demand. It is recommended to trade short - term in the low range. The global sugar supply is in surplus, but some institutions have lowered the surplus forecast [30][31]. Eggs - The spot price of eggs is rising seasonally before the Spring Festival, but the supply - demand pattern is still loose. The upside space of the near - term contracts is limited, and the far - term contracts are supported by expectations but also have limited upside [32][33]. Apples - The futures price may be strong. The出库 of apples is slightly lower than last year, the sales in the sales area are weak, and attention should be paid to the price changes in the sales area [34]. Corn - The short - term futures price will be sideways to strong. The price is affected by the farmers' selling sentiment and policy - related grain auctions [34][35]. Jujubes - The market will maintain a sideways trend. The prices in the production and sales areas are stable, and attention should be paid to the sales in the peak consumption season [36][37]. Live Pigs - The spot price is expected to decline in the middle of January. The futures main contract is recommended to be shorted on rallies. The second - fattening entry is active, and the supply pressure before the Spring Festival is increasing [38]. Energy and Chemicals Crude Oil - The geopolitical trading is over, and the market focuses on fundamentals. The oil price is facing a serious supply surplus, and it will be sideways without new events. Attention should be paid to the situation in Iran [40]. Fuel Oil - The price follows the oil price. The supply is loose, and the demand is weak. The geopolitical situation in Iran affects the oil price, and the inventory is increasing [42]. Plastics - The supply pressure of polyolefins is large, and the demand is weak. The upstream is in heavy losses, which may support a small rebound. It is advisable to take a sideways view and beware of callback risks [43][44]. Rubber - The price will be sideways, and it is advisable to go long on dips. The raw material price in Thailand is rising, and the fundamentals have no obvious contradictions [45]. Synthetic Rubber - The price may be strong in the short term, and it is advisable to wait and see if there are no positions. The price is driven by cost and market sentiment, and attention should be paid to the downstream procurement sentiment [46]. Methanol - The fundamentals are improving in the medium - long term. The far - term contracts can be considered for a slightly long allocation. The supply may be affected by the situation in Iran, and attention should be paid to the port inventory [47]. Caustic Soda - Maintain a long position. The impact of fundamentals on the futures is weak, and the spot price in Shandong is stable or declining [48]. Asphalt - The price is expected to fluctuate more significantly, and attention should be paid to the price bottom after the winter storage game. The supply of raw materials is uncertain due to geopolitics [49][50]. Polyester Industry Chain - The prices follow the cost. Consider the PX and PTA 5 - 9 inter - month positive spreads. The supply and demand of PX and PTA are expected to weaken, and the market for ethylene glycol and short - fiber will be sideways [51]. Liquefied Petroleum Gas - The price has support, but the upside space is limited. The supply in the Middle East is tight, but the global supply is abundant. The demand in winter is strong, but the chemical end is under pressure [52]. Paper Pulp - It is advisable to wait and see. The spot trading is weak, the port inventory is increasing, and the valuation does not provide a good opportunity [53]. Logs - The fundamentals are slightly weak, and the price will be sideways. The domestic spot market is stable, and the port inventory is increasing [54]. Urea - The spot and futures markets are expected to be strong in the short term. The spot price is rising, and the futures price is also strong [55][56].

新年伊始，中小银行存款利率密集调整。记者调研发现，除苏商银行外，武定兴福村镇银行、徐闻农商 银行、商南农商银行等十多家中小银行均于近日发布存款利率调整公告。 值得注意的是，与此前一刀切式的降息不同，近日中小银行存款利率调整呈现"有升有降""长短不同"的 特点。业内人士认为，存款利率下行的大趋势未变，越来越多中小银行根据自身经营状况灵活调整负债 成本和期限结构，主动开展精细化管理。 部分产品利率下调30个基点 从单家银行来看，各期限存款利率一刀切式的调整已不常见，取而代之的是，不同期限的存款利率对应 不同的调整幅度。 "利率2.2%的三年期定存产品1月5日正式下架了，所有定存产品利率都下降了20个基点。"1月6日，苏商 银行营销人员告诉中国证券报记者。 商南农商银行日前宣布，在3月31日前到该行营业网点办理定期存款可享受利率上浮优惠。具体来看， 三个月期、一年期、二年期存款利率均上浮15个基点，六个月期存款利率上浮14个基点。 泌阳农商银行在1月1日至3月31日"开门红"期间，推出定期存款利率限时升级活动，一年期、二年期、 三年期存款利率分别上调至1.41%、1.43%、1.73%。 山西浑源农商银行于1月6日 ...

● 本报记者 石诗语 "利率2.2%的三年期定存产品1月5日正式下架了，所有定存产品利率都下降了20个基点。"1月6日，苏商 银行营销人员告诉中国证券报记者。 新年伊始，中小银行存款利率密集调整。记者调研发现，除苏商银行外，武定兴福村镇银行、徐闻农商 银行、商南农商银行等十多家中小银行均于近日发布存款利率调整公告。 值得注意的是，与此前一刀切式的降息不同，近日中小银行存款利率调整呈现"有升有降""长短不同"的 特点。业内人士认为，存款利率下行的大趋势未变，越来越多中小银行根据自身经营状况灵活调整负债 成本和期限结构，主动开展精细化管理。 与利率下调的机构形成鲜明对比的是，部分中小银行开启逆势上调模式，通过限时利率上浮等方式提升 存款的吸引力。 例如，武定兴福村镇银行1月6日发布利率调整公告，自1月7日起，该行一年期、二年期、三年期、五年 期存款利率分别调整为1.30%、1.35%、1.60%、1.60%，其中一年期、二年期存款利率均上调了10个基 点，三年期、五年期存款利率均上调了5个基点。 商南农商银行日前宣布，在3月31日前到该行营业网点办理定期存款可享受利率上浮优惠。具体来看， 三个月期、一年期、二年期 ...

在存款利率持续走低趋势下，近日，部分银行逆势上调定期存款利率。中国证券报记者调研获悉，杭州银行、宁波银行、盛京银行等银行上调了部分存款 产品利率。 业内人士认为，年末是传统的揽储旺季，部分银行通过上调存款利率来吸引客户存款。整体来看，上调存款利率是部分银行的阶段性行为，在压降负债成 本的背景下，未来存款利率仍存在下调空间。 部分银行上调存款利率 "我行存款利率上调了，20万元起的新资金3年期定存利率为1.9%，20万元起的非新资金3年期定存利率为1.8%；5万元起的3年期定存利率为1.75%，5万元 起的2年期定存利率为1.6%，5万元起的1年期定存利率为1.5%。"杭州银行北京东城区一支行客户经理告诉记者。 与杭州银行类似，宁波银行、盛京银行也于近日上调了部分存款产品利率。宁波银行北京朝阳区一支行客户经理表示，客户存入20万元以上的新资金，1 年期定存利率最高可上浮至1.6%，此前1年期定存利率最高为1.5%；客户存入5万元以上的新资金，3年期定存利率最高可上浮至1.85%，此前3年期定存利 率最高为1.55%。 盛京银行沈阳市某支行客户经理告诉记者，该行于12月1日推出特色享存存款产品，利率较此前的定存利 ...

《每日经济新闻》记者最新从业内了解到，临近年末，部分银行临时上调相应存款利率。 其中，利率1.75%是5万元起存，利率1.8%、1.9%，均为20万元起存。 "1.9%，是如果客户没开过卡，然后存的话是1.9%。现在普遍低利率，对比看，1.8%、1.9%已经算高的 了。"上述人士表示，因为年底有相应活动，因此，部分存款利率相应上调。 "额度有限，满了后，可能就不再有了。"该人士表示，如果额度满了，这个活动可能到不了12月底。 另有东部银行业人士也向记者表示，相应定期存款利率近期上调，3年期20万元起，利率1.8%。 记者同时向更多银行业内人士了解，近期利率上调是否具有普遍性。有银行业人士向记者表示，"目前 没有接到通知"。 "额度有限"，记者通过北京地区某城商行人士了解到，临近年末，该行开展活动，三年期定存可达到 1.9%。 另有东部地区一城商行人士告诉记者，20万元起，三年期定存1.8%，这是最近上调的结果。 但部分银行上调相应存款利率，并不改商业银行存款利率下调这一整体大势。据记者了解，即便是面临 存款压力的小银行，也在陆续下调存款利率。12月以来，多家村镇银行再次下调存款利率。记者从河南 某村镇银行了解 ...

Core Insights - Several banks have recently lowered RMB deposit rates, with major state-owned banks removing five-year large-denomination certificates of deposit (CDs) from their offerings [1][2] - The remaining three-year deposit products have seen rates drop to between 1.5% and 1.75%, with limited availability [1][2] - Some banks have begun to raise deposit rates as a strategy to attract deposits [3][4] Summary by Category Deposit Rate Changes - Major state-owned banks have collectively removed five-year large-denomination CDs, leaving only three-year products with rates between 1.5% and 1.75% [1][2] - Smaller banks are also adjusting or canceling three-year and five-year ordinary fixed deposit products [1][2] Recent Rate Increases - Some banks, such as Hangzhou Bank, have recently increased rates on certain deposit products, with new funds for three-year deposits starting at 1.9% for amounts of 200,000 yuan and 1.8% for non-new funds [3] - Other banks, including Ningbo Bank and Shengjing Bank, have also raised rates on select deposit products [4] Industry Perspective - Industry insiders suggest that the recent increases in deposit rates by some banks are a temporary measure aimed at attracting deposits [2][4]

Core Viewpoint - The banking industry is experiencing a structural adjustment in deposit products, with a notable trend of large-denomination certificates of deposit (CDs) being phased out, particularly the 5-year term, while some small and medium-sized banks are increasing deposit rates to attract customers [1][2][3]. Group 1: Market Trends - The deposit market has entered a phase of differentiated competition, with large banks reducing long-term high-cost deposits and raising the minimum investment thresholds for large CDs [1][7]. - Major state-owned banks have collectively removed 5-year CDs from their offerings, leaving only shorter-term products available for investors [2][3]. - The exit of 5-year CDs is not sudden; many banks have already stopped offering long-term deposits, indicating a shift in banks' liability management strategies [6][3]. Group 2: Interest Rate Dynamics - There is a growing phenomenon of interest rate inversion, where shorter-term deposits offer higher rates than longer-term ones, challenging traditional pricing logic [5]. - The average net interest margin for commercial banks has decreased, with the latest data showing a net interest margin of 1.42%, down 11 basis points year-on-year [16][17]. - Some small and medium-sized banks are increasing deposit rates to enhance their competitiveness in attracting deposits, with examples showing rates as high as 1.9% for certain terms [15][16]. Group 3: Strategic Adjustments - Large banks are implementing differentiated and tiered management for large CDs, with some products requiring a minimum investment of 1 million yuan, while still offering lower-threshold options [7][13]. - The adjustments reflect a broader industry trend where banks are using traditional deposit products as tools for customer relationship management, especially in a declining interest rate environment [14]. - The ongoing pressure to reduce funding costs will likely lead banks to continue lowering deposit rates, although the pace of such reductions may slow as rates approach their lower limits [17][16].

Core Viewpoint - The article discusses the recent trend of small and medium-sized banks in China, particularly Blue Ocean Bank, suspending long-term deposit products due to pressure on net interest margins and high funding costs, reflecting a proactive balance sheet contraction strategy in a declining interest rate environment [3][11]. Group 1: Deposit Trends - Blue Ocean Bank has suspended all its fixed-term deposit products, including 2-year, 3-year, and 5-year terms, leading to a situation where all deposit products are sold out [4][5]. - The bank's customer service indicated that the suspension of these deposit products is due to reaching full capacity, with no clear timeline for when they will be available again [10]. - The bank's interest rates for various deposit terms are as follows: 3-month (1.35%), 6-month (1.55%), 1-year (1.65%), 2-year (1.85%), 3-year (2%), and 5-year (2%) [10]. Group 2: Financial Performance - Blue Ocean Bank reported a significant decline in financial performance, with operating income dropping by 39.42% year-on-year to 1.452 billion yuan and net profit falling by 47.86% to 415 million yuan [11]. - The bank's net interest margin decreased sharply from 4.34% to 2.35% within a year, indicating a substantial decline in profitability [11]. Group 3: Industry Context - The trend of suspending long-term deposit products is not isolated to Blue Ocean Bank; other small and medium-sized banks, such as the Tongyu Mongolian Village Bank and Meizhou Merchants Bank, have also canceled their 5-year fixed deposit products [13]. - The overall banking environment is characterized by a lack of high-yield assets to match high-cost liabilities, leading banks to halt deposit acquisition to control scale and costs [13][14]. - The article highlights a broader shift in the banking sector, where long-term deposit products are being phased out, and interest rates are declining, marking the end of an era where depositors could earn significant interest [12][14].