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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMajor SOE Banks Lower Deposit Interest Rates - Times
Several Chinese major state-owned banks have lowered their personal deposit interest rates since September 15, following cuts in the benchmark Loan Prime Rates in August, the Securities Times reported citing unnamed sources. The interest rates on three-year term deposits and large-denomination certificates of deposit were lowered by 15 bps. Major banks last lowered their deposit interest rates in late April, after the central bank established a market-based mechanism for deposit interest rates which refers to the 10-year treasury bond yield and 1-year LPR.
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.