Rare! This rural commercial bank is offering a 5-year fixed deposit interest rate of 1.5%, which is lower than the 1.55% level of state-owned banks. It is referred to as a "case" in the industry.

①Recently, Wuxiang Rural Commercial Bank adjusted the deposit execution interest rates, lowering the execution interest rates for personal fixed-term deposits of two years, three years, and five years to 1.5%, with the five-year execution interest rate being lowered below the lowest level of the state-owned banks' published rates. ②The phenomenon of the aforementioned rural commercial bank reducing rates beyond the mid- to long-term levels of state-owned banks is still considered an isolated case.

cls.cnNov 20 10:05 ET

Banks' dormant account cleanup is gradually extending to corporate accounts. This rural commercial bank announced that it will clean up long-suspended accounts of units, and many other banks are also handling this.

On the morning of November 20, Jinchang Rural Commercial Bank announced that it will clean up and close some unit bank settlement accounts that have been inactive for a long time. Recently, some banks have adopted similar practices to Jinchang Rural Commercial Bank, including Dangyang Rural Commercial Bank, China Construction Bank Weifang Branch, Bank of Nanjing.

cls.cnNov 20 00:41 ET

The unchanged LPR in November meets market expectations. Industry insiders do not rule out the possibility of further interest rate cuts next year along with the reverse repurchase rate.

① By the end of the year, the economic running is expected to continue its upward trend, with policy interest rates likely to remain stable and LPR quote also expected to stay unchanged. ② There is a high possibility of further reductions in deposit rates in the future, coupled with the issuance of special treasury bonds to support large state-owned commercial banks in replenishing their core tier one capital, which is expected to gradually alleviate the interest spread and operational pressure for commercial banks. It is possible that next year the LPR quote may be accompanied by further interest rate cuts on reverse repurchase agreements.

cls.cnNov 19 21:08 ET

Right For Malaysia's Energy Transition To Include Nuclear

Business TodayNov 19 04:15 ET

Guangdong Dongpeng to Buy Back Shares of Up to 200 Million Yuan

MT NewswiresNov 19 02:27 ET

Hong Kong stocks show unusual movements | China mainland banking sector rises across the board, banks sector overall in a state of trading below book value, market cap management guidance brings opportunities for valuation reshaping.

China mainland banking stocks are all rising, as of the press release, bank of zhengzhou (06198) rose by 8.08% to HKD 1.07; minsheng bank (01988) rose by 6.14% to HKD 3.11; ceb bank (06818) rose by 4.15% to HKD 2.76; bank of china (03988) rose by 3.32% to HKD 3.73; industrial and commercial bank of china (01398) rose by 2.83% to HKD 4.73.

Zhitong FinanceNov 17 21:00 ET