Private Banks Delist Three- and Five-Year Fixed Deposits Amid Online Lending Regulations

According to Jin10, several private banks delisted three- and five-year fixed deposit products on June 4 in response to new online lending regulations. The move reflects compressed demand on the liability side following restrictions on internet lending under the new regulations, which has forced private banks to optimize deposit structures and reduce high-yield savings products.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments