Since December, the banking industry has entered the “good start” preparation phase. The survey found that a number of urban commercial banks raised deposit interest rates in stages to attract savers, up to 25 basis points. In addition to actively collecting savings, banks are also focusing on wealth management products such as wealth management and funds, and introducing preferential rates. Industry insiders have analyzed that most of the recent phased increases in deposit interest rates have been made by regional urban and agricultural commercial banks. The purpose is to attract new capital and retain old customers at key points such as the end of the year, and also to deal with the “sinking of major banks” competition. At the same time, interest spreads in the banking sector are still at a historically low level, and the pressure on revenue has not abated. As a result, banks are becoming more and more diversified in the direction of “getting off to a good start”. In addition to scale indicators such as savings and credit, the importance of wealth management indicators is highlighted, in an effort to increase revenue from intermediary businesses.

Since December, the banking industry has entered the “good start” preparation phase. The survey found that a number of urban commercial banks raised deposit interest rates in stages to attract savers, up to 25 basis points. In addition to actively collecting savings, banks are also focusing on wealth management products such as wealth management and funds, and introducing preferential rates. Industry insiders have analyzed that most of the recent phased increases in deposit interest rates have been made by regional urban and agricultural commercial banks. The purpose is to attract new capital and retain old customers at key points such as the end of the year, and also to deal with the “sinking of major banks” competition. At the same time, interest spreads in the banking sector are still at a historically low level, and the pressure on revenue has not abated. As a result, banks are becoming more and more diversified in the direction of “getting off to a good start”. In addition to scale indicators such as savings and credit, the importance of wealth management indicators is highlighted, in an effort to increase revenue from intermediary businesses.