The six major state-owned banks have officially announced a reduction in deposit interest rates

ChainCatcher news, the six major state-owned banks------Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, and Bank of Communications have all announced today a reduction in the interest rates for multiple terms of RMB deposits, with the three-year and five-year rates both lowered by 25 basis points to 1.25% and 1.3%, respectively.