Since August, many small and medium-sized banks in Hubei, Guangdong and other places have successively raised deposit interest rates. In August, many urban commercial banks, agricultural commercial banks and village banks announced increases in interest rates on listed deposits or special deposit products. Overall, each bank's increase ranged from 10 to 33 basis points. Against the backdrop of an overall decline in interest rates in the macro market and the banking industry continuing to reduce debt costs, most small to medium banks have lowered deposit interest rates, so the “do the opposite” approach described above has attracted market attention. Industry insiders believe that this move has obvious characteristics of phased savings, is not universal, and is not directly related to the recent collective renewal of five-year large deposit slips by some major state-owned banks.

Since August, many small and medium-sized banks in Hubei, Guangdong and other places have successively raised deposit interest rates. In August, many urban commercial banks, agricultural commercial banks and village banks announced increases in interest rates on listed deposits or special deposit products. Overall, each bank's increase ranged from 10 to 33 basis points. Against the backdrop of an overall decline in interest rates in the macro market and the banking industry continuing to reduce debt costs, most small to medium banks have lowered deposit interest rates, so the “do the opposite” approach described above has attracted market attention. Industry insiders believe that this move has obvious characteristics of phased savings, is not universal, and is not directly related to the recent collective renewal of five-year large deposit slips by some major state-owned banks.