Recently, a number of large and medium-sized commercial banks, such as ICBC, CCB, and CMB, as well as rural commercial banks in many places, have removed 5-year large-value deposit products, and the number of 3-year large deposit certificates is also low. “Currently, net interest spreads in the banking sector are low. As the asset side continues to reduce financing costs in the real economy, it is necessary to tap space from the debt side to stabilize interest spreads. Deposits are the main source of debt for banks, so it is necessary to reduce the cost of liabilities such as deposits.” Lou Feipeng, a researcher at the Postal Savings Bank of China, said that interest rates on large deposit certificates generally increase as the term is extended, and banks' debt costs are also higher. Removing 5-year large deposit certificates is a way to reduce debt costs. Experts suggest that in household financial planning in the era of low interest rates, on the one hand, it is necessary to adopt a “fixed income +” strategy to allocate short- and medium-term debt bases; on the other hand, seize global economic growth opportunities through global asset allocation.

Recently, a number of large and medium-sized commercial banks, such as ICBC, CCB, and CMB, as well as rural commercial banks in many places, have removed 5-year large-value deposit products, and the number of 3-year large deposit certificates is also low. “Currently, net interest spreads in the banking sector are low. As the asset side continues to reduce financing costs in the real economy, it is necessary to tap space from the debt side to stabilize interest spreads. Deposits are the main source of debt for banks, so it is necessary to reduce the cost of liabilities such as deposits.” Lou Feipeng, a researcher at the Postal Savings Bank of China, said that interest rates on large deposit certificates generally increase as the term is extended, and banks' debt costs are also higher. Removing 5-year large deposit certificates is a way to reduce debt costs. Experts suggest that in household financial planning in the era of low interest rates, on the one hand, it is necessary to adopt a “fixed income +” strategy to allocate short- and medium-term debt bases; on the other hand, seize global economic growth opportunities through global asset allocation.