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CEB BANK, Other CN Banks Lower Deposit Rates: Report
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Several banks in Beijing, including Ping An Bank (000001.SZ), CEB BANK (06818.HK) (601818.HK) and Bank of Nanjing (601009.SH), have recently lowered their fixed deposit interest rates, with some also raising the minimum deposit thresholds, according to China Securities Journal. The current three-year fixed deposit rate stands at 1.65%, reflecting a recent adjustment. Ping An Bank’s three-year fixed deposit rate saw a reduction of 40 bps in this round. Following the rate cut, the bank is experiencing an inversion where short-term deposit rates exceed long-term rates. AAStocks Financial News |
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