Following the reduction of interest rates on RMB deposits by the six major state-owned banks in Mainland China yesterday (20th), seven joint-stock commercial banks have also followed suit today. These include Ping An Bank, CITIC BANK (00998.HK) 0.000 (0.000%) Short selling $27.39M; Ratio 9.783% , Industrial Bank, Shanghai Pudong Development Bank, MINSHENG BANK (01988.HK) -0.030 (-0.758%) Short selling $9.32M; Ratio 5.383% , China Guangfa Bank, and Huaxia Bank. Related NewsCICC Expects HK Stocks to Remain Volatile in ST, Suggests Active Intervention During Downturn/ Moderate Profit-taking During ExuberanceThe 1-year and 2-year fixed deposit rates have been reduced by 15 bps. Including CM BANK (03968.HK) 0.000 (0.000%) Short selling $263.20M; Ratio 33.421% and CEB BANK (06818.HK) 0.000 (0.000%) Short selling $11.71M; Ratio 17.315% , which had already lowered their rates earlier, a total of nine joint-stock commercial banks have now trimmed their posted deposit rates.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.)