Chinese private banks pull 2-year time deposits as long-term products vanish

The retreat of private banks from medium- and long-term deposits points to a funding-cost and duration problem rather than a simple product tweak: when shorter tenors are also pulled, the constraint is the liability side, not just the appetite for long paper. This matters most for savers who treated these banks as a yield alternative, and for the smaller lenders themselves, which are narrowing the range of terms they are willing to hold. Whether the pullback spreads to more banks and whether any medium-term supply reappears on the apps is the open question.