After a period of cuts and product withdrawals under net interest margin pressure, several private banks have begun lifting select deposit rates. WeBank raised its 3‑year fixed deposit rate to 1.75% from 1.60% (+15bps). WeBank’s current on‑term retail deposit rates are: 5y 1.60%, 3y 1.75%, 2y 1.60%, 1y 1.50%, 6m 1.30%, 3m 1.10% — with a 3y/5y inversion. Sushang Bank recently issued large‑denomination CDs at 1.85% for 5 years and 1.95% for 3 years. In June several private banks, including Beijing

After a period of cuts and product withdrawals under net interest margin pressure, several private banks have begun lifting select deposit rates. WeBank raised its 3‑year fixed deposit rate to 1.75% from 1.60% (+15bps). WeBank’s current on‑term retail deposit rates are: 5y 1.60%, 3y 1.75%, 2y 1.60%, 1y 1.50%, 6m 1.30%, 3m 1.10% — with a 3y/5y inversion. Sushang Bank recently issued large‑denomination CDs at 1.85% for 5 years and 1.95% for 3 years. In June several private banks, including Beijing Zhongguancun Bank, Hunan Sanxiang Bank and Yilian Bank, had previously delisted 5‑year term deposits.