Core Viewpoint - The recent reduction in deposit rates by multiple banks is aimed at lowering the cost of bank liabilities, thereby enhancing the banks' ability to support the real economy through lower financing costs [1][4]. Group 1: Deposit Rate Adjustments - As of April 25, several banks have lowered their fixed deposit and large-denomination certificate of deposit rates by 10 basis points [1]. - Agricultural Bank reported a 3-year fixed deposit rate of 3.15% and a large-denomination certificate of deposit rate of 3.25% for amounts starting at 200,000 yuan, although availability is limited [2]. - Industrial and Commercial Bank's rates for 2-year and 3-year fixed deposits were adjusted to 2.5% and 3.15%, respectively, as of April 25 [2]. - Everbright Bank's 1-year, 2-year, and 3-year fixed deposit rates are now 2.25%, 2.75%, and 3.4%, respectively, with a notable demand from customers seeking to lock in higher rates before further reductions [2]. Group 2: Policy Measures to Support Financing - Experts believe that the decline in deposit rates will help reduce banks' funding costs, leading to lower loan costs and increased capacity for banks to support the real economy [4]. - The People's Bank of China has lowered the reserve requirement ratio, releasing approximately 530 billion yuan in long-term funds, which is expected to reduce financial institutions' funding costs by about 6.5 billion yuan annually [4]. - Recent government meetings have encouraged large banks with high provisioning levels to lower their provisioning rates, which could free up more capital for lending and improve the financial conditions for small and medium-sized enterprises [4].