China Banks Revive 2% Annual-Yield 3-Year Large-Denomination CDs

The reappearance of a 2% annualized rate on three-year large-denomination CDs signals that some Chinese banks are again willing to pay up for retail deposits, a shift worth noting after a period of rate compression. It matters most for savers with at least 200,000 yuan to place and for smaller banks competing for funding against larger peers. Whether this rate level spreads to more institutions or remains confined to a handful of banks is the open question.