No Data
No Data
Zhejiang China Commodities City Issues 1 Billion Yuan Ultra-Short-Term Bonds
Agricultural Bank of China (01288.HK) is expected to launch 2 billion yuan green bonds starting from August 1st.
On July 31st, Gelunhui reported that Agricultural Bank of China (01288.HK) announced that the Agricultural Bank of China Limited Hong Kong Branch will issue RMB 2 billion 2.80% green bonds expiring in 2027. The listing and trading of the bonds are expected to take effect on August 1, 2024.
China's 'Big Four' Banks Cut Interest Rates
Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, and Bank of China have simultaneously lowered their deposit rates.
On July 25th, the five major banks including ICBC, China Construction Bank, Agricultural Bank of China, Bank of China, and Bank of Communications simultaneously lowered their deposit interest rates. Among them, the three-month, six-month, and one-year fixed deposit rates were all lowered by 10 basis points, respectively 1.05%, 1.25%, and 1.35%; the two-year, three-year, and five-year fixed deposit rates were all lowered by 20 basis points, respectively 1.45%, 1.75%, and 1.8%. This means that if you deposit 1 million yuan for a tenure of 5 years, the interest received will decrease from the previous 0.1 million yuan to 0.09 million yuan, a decrease of approximately 0.01 million yuan.
Express News | China Construction Bank Announces 10-20 Basis Point Reduction in Time Deposit Rates - Statement
Express News | Icbc Announces 10-20 Basis Point Reduction in Time Deposit Rates Starting July 25
No Data