TREE NEWS update: Postal Savings Bank of China recently listed three large-denomination certificates of deposit with 3- and 6-month terms, completing the product shelves of all six state-owned banks. Agricultural Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Bank of China, and Bank of Communications have all resumed issuance since Bank of China led the restart in July. Experts said the move is a phased arrangement to absorb maturing deposits and optimize liability duration amid low net interest margins, not a high-rate deposit grab, and no trend reversal in deposit rates has emerged.
China’s Big Six Banks Fully Resume Large-Denomination CD Issuance
AI take
The coordinated return of large-denomination CDs across all six state-owned banks is less a signal on deposit pricing than a liability-management exercise: banks are rebuilding a shelf of short-tenor instruments to retain maturing deposits while keeping duration and funding costs contained under margin pressure. The framing that this is a phased arrangement rather than a rate grab is the key claim to test. The open question is whether the resumed issuance stays a duration and retention tool or gradually becomes a competitive front in deposit pricing as margins remain under strain.
Generated by AI for reference only.
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