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CN 6 Major State-Owned Banks Cut RMB Deposit Rates by Max. 25 bps Tdy
China's six major state-owned banks, namely ICBC (01398.HK) (601398.SH), CCB (00939.HK) (601939.SH), BANK OF CHINA (03988.HK) (601988.SH), ABC (01288.HK) (601288.SH), BANKCOMM ...
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CN 6 Major State-Owned Banks Cut RMB Deposit Rates by Max. 25 bps Tdy
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China's six major state-owned banks, namely ICBC (01398.HK)  0.000 (0.000%)    Short selling $297.75M; Ratio 24.831%   (601398.SH)  0.000 (0.000%)   , CCB (00939.HK)  0.000 (0.000%)    Short selling $300.92M; Ratio 11.783%   (601939.SH)  0.000 (0.000%)   , BANK OF CHINA (03988.HK)  -0.020 (-0.426%)    Short selling $320.22M; Ratio 22.451%   (601988.SH)  +0.020 (+0.356%)   , ABC (01288.HK)  -0.020 (-0.398%)    Short selling $138.77M; Ratio 19.916%   (601288.SH)  +0.020 (+0.358%)   , BANKCOMM (03328.HK)  -0.010 (-0.140%)    Short selling $23.34M; Ratio 18.822%   (601328.SH)  +0.050 (+0.650%)   , and CM BANK (03968.HK)  +0.450 (+0.912%)    Short selling $260.06M; Ratio 32.012%   (600036.SH)  +0.470 (+1.071%)   , have announced that they will drop their RMB deposit rates starting today (20th).

Specifically, the interest rate for demand deposits has been cut by 5 bps to 0.05%. The rates for time deposits of lump-sum deposit and withdrawal with a term of three months/ six months/ one year/ two years have been reduced by 15 bps to 0.65%/ 0.85%/ 0.95%/ 1.05%. The three-year/ five-year deposit rates have both been lowered by 25 bps to 1.25%/ 1.3%.
(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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