# large certificates of deposit

China’s Deposit Rates Slide: Large CDs Fall Below 1% as Banks Trim Long-term Offers

Chinese banks have cut rates on large-denomination certificates of deposit, with many short-term offerings now below 1%. The retreat of longer-term deposit products and tighter issuance reflects central-bank easing and banks’ efforts to protect net interest margins, prompting savers to seek alternative yields and raising questions about future credit growth and financial stability.