China Merchants Bank will no longer issue new three-year and five-year large deposit certificate products

On April 10th, it was learned from the customer manager of China Merchants Bank that the bank is no longer issuing new limits for three-year and five-year large deposit certificates. Some financial consumers are wondering why China Merchants Bank is no longer adding new limits? China Merchants Bank stated that currently, customers have a strong willingness to deposit and the bank has relatively abundant liquidity, but the asset side investment is relatively weak. In this situation, medium - and long-term fixed deposits or certificates of deposit with high cost reduction can better manage the net interest margin, such as controlling the amount of large certificates of deposit with a three-year term or more, which have higher capital costs. At present, it may only be temporarily suspended. Medium - and long-term fixed deposits or certificates of deposit with high cost reduction by banks are not unlimited and will be dynamically adjusted based on liquidity status and asset liability structure.