Industrial and Commercial Bank of China has restarted issuance of 5-year
large-denomination certificates of deposit (CDs). Since July, Bank of China,
Agricultural Bank of China, China Construction Bank and ICBC have each issued
5-year large CDs. Postal Savings Bank researcher Lou Feipeng says 5-year large
CDs currently offer allocation value for low-risk investors. Large-denomination
CDs support transfer and pledge, giving them better liquidity than ordinary time
deposits.
