Core Viewpoint - The long-term deposit products, once considered a "stabilizing force" for investors, are gradually disappearing from the shelves of some banks, indicating a profound restructuring of the banking industry's profit logic in response to deepening interest rate marketization and a low-interest environment [1][4][8]. Group 1: Disappearance of Long-term Deposits - As of November 9, major state-owned banks and some joint-stock banks have removed 5-year large certificates of deposit (CDs) from their offerings, with banks like ICBC, ABC, and BOC no longer listing these products [2][3]. - The interest rates for commonly available 3-year large CDs are now between 1.5% and 1.75%, with some banks facing a "one order hard to find" situation due to limited availability [2][3]. - Regional banks are also tightening their long-term CD offerings, with many now focusing on shorter terms such as 1 month, 3 months, and 1 year [3][5]. Group 2: Strategic Shift in Banking - The current low net interest margin has prompted banks to lower their liability costs to maintain stable profit levels, leading to the reduction or cancellation of high-interest long-term CDs [4][7]. - Smaller banks, particularly village banks, are also halting long-term deposit products, reflecting a broader industry trend towards optimizing balance sheets in response to regulatory pressures and changing market conditions [5][7]. - The traditional banking model of high-interest deposits and low-interest loans is facing unprecedented challenges, with net interest margins dropping to historical lows [8][9]. Group 3: Future Directions - The banking sector is expected to increasingly favor short-term adjustments and flexible combinations of various financial products to enhance customer loyalty and stabilize relationships [9]. - Banks are likely to optimize their liability structures by offering more medium- and short-term deposit products, reducing the proportion of high-cost deposits, and improving overall profitability through wealth management services [9].