Since July, some foreign banks have launched time-limited high-interest US dollar time deposit activities. Interest rates on US dollar deposits of various terms have generally been raised, and annualized interest rates for some products have reached 4%. In contrast to this, interest rates on US dollar deposits at major state-owned banks, stock banks, and urban commercial banks have not been adjusted recently. Zeng Gang, deputy director of the National Finance and Development Laboratory, said that the core background of the recent increase in US dollar time deposit interest rates is that the Federal Reserve interest rate meeting at the end of July is approaching, and the market has certain expectations that interest rates will remain unchanged in the short term. Coupled with the need for some banks to collect reserves and adjust foreign exchange funding sources, they are attracting customers to deposit foreign currency by raising US dollar interest rates to ease their own dollar liquidity pressure. Zeng Gang suggested that if investors have clear US dollar usage scenarios recently, they can allocate US dollar deposits as needed to reduce the risk of losses caused by additional exchange rate fluctuations. In addition, investors should strictly control the allocation ratio and product duration. The ratio of US dollar assets to total personal assets should be controlled within a reasonable range, and priority should be given to short-term US dollar deposits of 3 to 6 months to avoid long-term capital locking in order to respond flexibly to changes in exchange rates and interest rates.

Since July, some foreign banks have launched time-limited high-interest US dollar time deposit activities. Interest rates on US dollar deposits of various terms have generally been raised, and annualized interest rates for some products have reached 4%. In contrast to this, interest rates on US dollar deposits at major state-owned banks, stock banks, and urban commercial banks have not been adjusted recently. Zeng Gang, deputy director of the National Finance and Development Laboratory, said that the core background of the recent increase in US dollar time deposit interest rates is that the Federal Reserve interest rate meeting at the end of July is approaching, and the market has certain expectations that interest rates will remain unchanged in the short term. Coupled with the need for some banks to collect reserves and adjust foreign exchange funding sources, they are attracting customers to deposit foreign currency by raising US dollar interest rates to ease their own dollar liquidity pressure. Zeng Gang suggested that if investors have clear US dollar usage scenarios recently, they can allocate US dollar deposits as needed to reduce the risk of losses caused by additional exchange rate fluctuations. In addition, investors should strictly control the allocation ratio and product duration. The ratio of US dollar assets to total personal assets should be controlled within a reasonable range, and priority should be given to short-term US dollar deposits of 3 to 6 months to avoid long-term capital locking in order to respond flexibly to changes in exchange rates and interest rates.