Core Viewpoint - Blue Ocean Bank has entered a state of "no deposit products available for sale," highlighting the challenges it faces under the new lending regulations, which have led to a significant reduction in its deposit offerings [2][3]. Summary by Sections Deposit Products Status - All RMB deposit products of Blue Ocean Bank, including 3-month to 5-year fixed-term deposits (with a maximum annual interest rate of 2.00%) and 7-day notice deposits (annual interest rate of 1.25%), are currently marked as "sold out" on its app, with only some USD deposit products still available [3]. - The bank has been limiting deposit offerings since April, with a significant reduction in available quotas for 3-year and 5-year deposits, and the current offerings are only available to local users due to regulatory requirements [3][4]. Impact of New Lending Regulations - The new lending regulations, effective from October 1, require banks to manage their partnerships with lending platforms strictly, leading to a reduction in the number of cooperative institutions for many banks, including Blue Ocean Bank [4][5]. - The regulations have forced many small and medium-sized banks to adjust their internet lending operations, with some banks completely eliminating their cooperative institutions [5]. Challenges for Private Banks - Private banks, including Blue Ocean Bank, are facing pressure on their "high deposit, high loan" model due to narrowing net interest margins and increased competition [6][7]. - As of November 10, 9 out of 19 private banks have removed 5-year deposit products from their offerings, indicating a broader trend of reducing deposit rates and products [6]. - The net interest margin for Blue Ocean Bank is projected to decline from 4.34% to 2.35% in 2024, prompting the bank to adjust its deposit products and lower deposit rates to manage liability costs [7].