10 stock banks follow up to cut deposit listing rates

On July 29th, following China Merchants Bank and Ping An Bank, on July 29th, China CITIC Bank, Everbright Bank, Minsheng Bank, Shanghai Pudong Development Bank, Industrial Bank, Hua Xia Bank, Guangfa Bank, Zheshang Bank, Bohai Bank, Hengfeng Bank 10 joint-stock banks lowered deposit listing rates. Among them, Zheshang Bank, Bohai Bank, Hengfeng Bank's five-year deposit and withdrawal annual interest rate was reduced from 2.30% to 2.10%, and the other seven banks' five-year deposit and withdrawal annual interest rate was reduced from 2.05% to 1.85%, all of which were reduced by 20BP.