Several private banks have recently removed 3‑year and 5‑year term deposits from
sale, a move concentrated among a small number of private lenders. Banks say the
delistings are part of cutting high-rate deposits and rebalancing deposit mixes
in response to new assisted‑lending rules; as internet-originated lending has
been curtailed, liability bases have been reduced in parallel. MyBank president
Feng Liang said the prior internet‑finance playbook—growth driven by traffic and
hit products—no longer works as new user additions and usage have peaked.
