# certificates of deposit

China’s Small Banks Raise Deposit Stakes: Rural Lenders Lead a Wave of Short‑Term, High‑Threshold CDs

Regional and rural commercial banks in China have aggressively issued short‑term, large‑denomination certificates of deposit and modestly raised one‑to‑three‑year time deposit rates to attract funds ahead of the spring lending season. These moves contrast with state banks’ retrenchment from long‑dated high‑coupon deposits and reflect margin pressure and fierce local competition for deposits.