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CN 4 Major State-owned Banks, Others to Cut RMB Deposit Rates by Max. 25 Bps Starting Tdy
The four major state-owned banks in China, namely ICBC (01398.HK)(601398.SH), CCB (00939.HK)(601939.SH), BANK OF CHINA (03988.HK)(601988.SH), ABC (01288.HK)(601288.SH) and CM BANK ...
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CN 4 Major State-owned Banks, Others to Cut RMB Deposit Rates by Max. 25 Bps Starting Tdy
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The four major state-owned banks in China, namely ICBC (01398.HK)  +0.010 (+0.178%)    Short selling $297.75M; Ratio 24.831%   (601398.SH)  0.000 (0.000%)   , CCB (00939.HK)  +0.010 (+0.143%)    Short selling $300.92M; Ratio 11.783%   (601939.SH)  0.000 (0.000%)   , BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $320.22M; Ratio 22.451%   (601988.SH)  +0.020 (+0.356%)   , ABC (01288.HK)  -0.010 (-0.199%)    Short selling $138.77M; Ratio 19.916%   (601288.SH)  +0.020 (+0.358%)   and CM BANK (03968.HK)  +0.450 (+0.912%)    Short selling $260.06M; Ratio 32.012%   ( 600036.SH), each announced that they will lower their RMB deposit rates from today (20th).

Of which, the demand deposit interest rate will be lowered by 5 bps to 0.05%. The fixed deposit and withdrawal in lump sum for 3-month/ half-year/ 1-year/ 2-year period will be lowered by 15 bps to 0.65%/ 0.85%/ 0.95%/ 1.05% respectively; while that for the 3-year/ 5-year period will be lowered by 25 bps to 1.25%/ 1.3% each.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-21 16:25.) (A Shares quote is delayed for at least 15 mins.)

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