The Postbank recently launched a total of 3- and 6-month large-value deposit cards to fill the “shelves” of the six major state-owned banks. So far, since the Bank of China took the lead in restarting issuance in July of this year, Agricultural Bank, China Construction Bank, Industrial and Commercial Bank, Bank of Communications, and Postbank have all followed suit, and all six major banks have resumed issuing large deposit certificates. Judging from the market reaction, some medium- to long-term products were sold out after launch, but the overall supply side maintained a rhythm of window launch and quota control. Experts believe that this round of restarting is a phased arrangement for banks to undertake centralized maturing deposits and optimize the longevity of debt against the backdrop of low net interest spreads. It is not a high-interest savings package; a trend reversal in deposit interest rates has yet to occur.

The Postbank recently launched a total of 3- and 6-month large-value deposit cards to fill the “shelves” of the six major state-owned banks for large deposit slips. So far, since the Bank of China took the lead in restarting issuance in July of this year, Agricultural Bank, China Construction Bank, Industrial and Commercial Bank, Bank of Communications, and Postbank have all followed suit, and all six major banks have resumed issuing large deposit certificates. Judging from the market reaction, some medium- to long-term products were sold out after launch, but the overall supply side maintained a rhythm of window launch and quota control. Experts believe that this round of restarting is a phased arrangement for banks to undertake centralized maturing deposits and optimize the longevity of debt against the backdrop of low net interest spreads. It is not a high-interest savings package; a trend reversal in deposit interest rates has yet to occur.