China’s biggest state-owned banks are slashing deposit rates again, fueling expectations this will create more wiggle room for the central bank to cut lending rates early next year.

The banks cut the interest rates on deposits covering a fixed period of time. The Industrial and Commercial Bank of China, the country’s biggest lender by assets, cut the five-year deposit rate ...

China’s major banks made a coordinated cut in deposit rates for the third time in a year, as lenders move to protect business profitability amid government policies aimed to boost consumption ...

China's major state banks have lowered their dollar deposit rates for the second time in a month, seven banking sources with direct knowledge of the matter said, as authorities have stepped up ...

Industrial & Commercial Bank of China and China Construction Bank Corp. and other big lenders cut the interest offered on one-two-, three- and five-year time deposits by 25 basis points, according ...

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pressure on profit margins and reduce lending costs, providing some relief for ...

China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins and to improve profitability.

FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, ... the ceilings for some banks' time deposit rates have been slashed by 30-40 bps, ...

Lenders including the Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China and China Merchants Bank trimmed rates across maturities on Tuesday (May ...