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BOC To Cut RMB Deposit Rates Starting Today
Following the announcements by ICBC (01398.HK)(601398.SH), CCB (00939.HK)(601939.SH), and CM BANK (03968.HK)(600036.SH), BANK OF CHINA (03988.HK)(601988.SH) also announced that it ...
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BOC To Cut RMB Deposit Rates Starting Today
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Following the announcements by ICBC (01398.HK)  +0.010 (+0.178%)    Short selling $135.68M; Ratio 27.388%   (601398.SH)  0.000 (0.000%)   , CCB (00939.HK)  +0.010 (+0.143%)    Short selling $120.73M; Ratio 8.738%   (601939.SH)  0.000 (0.000%)   , and CM BANK (03968.HK)  +0.450 (+0.912%)    Short selling $149.93M; Ratio 31.554%   (600036.SH)  +0.470 (+1.071%)   , BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $133.56M; Ratio 24.458%   (601988.SH)  +0.020 (+0.356%)   also announced that it will lower RMB deposit rates starting today (20th).

The interest rate for demand deposits will be trimmed by 5 basis points to 0.05%. Fixed-term deposits for three months, six months, one year, and two years will all be reduced by 15 basis points, to 0.65%, 0.85%, 0.95%, and 1.05% respectively. The rates for three-year and five-year terms will be both cut by 25 basis points, to 1.25% and 1.3% respectively.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 12:25.) (A Shares quote is delayed for at least 15 mins.)

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