Greater China Banks Daily "5-Year CDs return, but banks remain cautious on..."

研报英文原文证据摘录

Greater China Banks Daily "5-Year CDs return, but banks remain cautious on..."

Global Research

7 July 2026ab

Greater China Banks Daily Equities

China5-Year CDs return, but banks remain cautious on

long-duration deposit products; H126 mutual Banks

fund account openings hit 6-Year high MayAnalystYan

may.yan@ubs.com

+852-2971 7157

5-Year CDs return, but banks remain cautious on long-duration deposit product Alex Ye

Analyst

China Business Journal, Jul 6: Bank of China has reintroduced 5-year personal S1460522090005

certificates of deposit, drawing market attention amid a broader scarcity of long- alex.ye@ubs.com

duration deposit products. Its latest CD issuance covers seven tenors from one month to +86 755 2215 8858

five years, with the regular 3-year/ 5-year products priced at 1.55%/ 1.60%. The move

Catherine Yang, CFA

appears more like a bank-specific liability-management adjustment than an industry Analyst

inflection point. Market checks suggest ICBC, ABC and CCB mostly cap available tenors S1460526010003

at three years, with rates around 1.55%, while CMB's longest tenor is two years at catherine-za.yang@ubs.com

about 1.40%. Banks continue to prioritize deposit-cost control to counter NIM pressure. +86-755-2215 8860

Helen Li, CFA

H126 mutual fund account openings hit 6-Year high Analyst

STCN, Jul 6: China’s mutual fund market saw a sharp rise in investor participation in helen-za.li@ubs.com

H126, with new fund account openings reaching 1.8315 mn, the highest level for the +852-2971 6066

same period in six years and up 21.73% YoY. In June alone, the market added 233,600

new accounts, vs 200,400 in June 2025. The increase comes as new fund launch has

recovered steadily since April. In June, 208 new funds were launched, raising