Latest news with #ChineseBanks
Bloomberg
5 days ago
- Business
- Bloomberg
Chinese Banks Face Liquidity Test on Deposit Exodus, Maturities
Chinese banks are set for a liquidity test in June as they face record debt maturities and a potential exodus from deposits. The lenders are on the hook to repay a record 4.2 trillion yuan ($583 billion) of negotiable certificates of deposit, which are short-term debt instruments, next month. That comes at a time when regular savings deposits are shrinking as interest rate cuts prompt investors to turn to products with higher returns, with some analysts projecting the withdrawals to reach trillions of yuan.
Bloomberg
20-05-2025
- Business
- Bloomberg
China Banks Trim Deposit Rates Again to Shore Up Profitability
Several major Chinese banks have cut their deposit rates in the latest efforts to reduce funding costs and preserve their shrinking profitability. Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and China Merchants Bank Co. have trimmed rates across tenors on Tuesday with those on one and two-year fixed deposits falling by 15 basis points, according to updates on their mobile apps. Interest rates on three and five-year deposits were slashed by 25 basis points.
