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China deposit rate reform to have limited impact - industry body

StreetInsider2021-06-21

BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...

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Jiaqi25
·2021-06-21
Nice info
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IsaacYap90
·2021-06-21
The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative
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IsaacYap90
·2021-06-21
The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative
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IsaacYap90
·2021-06-21
The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative
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IsaacYap90
·2021-06-21
The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.
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RICHYUYU
·2021-06-21
[Smile]
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- IsaacYap90:
  
  The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative
  2021-06-21
  Reply
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Thanatael
·2021-06-21
[呆住] [呆住] [呆住] [呆住]
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1
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- IsaacYap90:
  
  The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative
  2021-06-21
  Reply
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sh99
·2021-06-21
comments pls
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7
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- IsaacYap90:
  
  The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative
  2021-06-21
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- rhengheng:
  comment too please
  2021-06-21
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- KypChanReplying tobluedolphin:
  awright!
  2021-06-21
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BBBBBBBBBB
·2021-06-21
Like n comment pls
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- Leo_T:
  ok
  2021-06-21
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- KypChan:
  sure
  2021-06-21
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- sh99:
  content la
  2021-06-21
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Ruzzer
·2021-06-21
Woo
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- dandan_4896:
  Ok...good nite bb?
  2021-06-21
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US_watchlist
·2021-06-21
Great to adjust to market needs.
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- Eellen:
  Like and comment
  2021-06-21
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- Xuehao:
  sufe
  2021-06-21
  Reply
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The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167854388,"gmtCreate":1624261487044,"gmtModify":1703831828595,"author":{"id":"3583568085402852","authorId":"3583568085402852","name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","listText":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","text":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167854388","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167854988,"gmtCreate":1624261474044,"gmtModify":1703831828270,"author":{"id":"3583568085402852","authorId":"3583568085402852","name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","listText":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","text":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167854988","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167855415,"gmtCreate":1624261462037,"gmtModify":1703831827626,"author":{"id":"3583568085402852","authorId":"3583568085402852","name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","listText":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","text":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167855415","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167852793,"gmtCreate":1624261404712,"gmtModify":1703831826817,"author":{"id":"3583568085402852","authorId":"3583568085402852","name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.","listText":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.","text":"The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167852793","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167859827,"gmtCreate":1624261019969,"gmtModify":1703831820845,"author":{"id":"3582154314972455","authorId":"3582154314972455","name":"RICHYUYU","avatar":"https://static.tigerbbs.com/b3a77f0702cfc6f85d3b04edc7aee611","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167859827","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4929141,"gmtCreate":1624261528669,"gmtModify":1663229587546,"authorId":3583568085402852,"author":{"id":3583568085402852,"authorId":3583568085402852,"name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167859827,"type":1,"supId":0,"prevId":0,"content":"<br>\n<br>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","text":"<br>\n<br>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","html":"<br>\n<br>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative"}],"langContent":"EN"},{"id":167821787,"gmtCreate":1624260474449,"gmtModify":1703831810825,"author":{"id":"3568178322351914","authorId":"3568178322351914","name":"Thanatael","avatar":"https://static.tigerbbs.com/98a0b6cbd9839e8f54549bbeb4b97fe4","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","listText":"[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;[呆住]&nbsp;","text":"[呆住] [呆住] [呆住] [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167821787","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4929130,"gmtCreate":1624261493581,"gmtModify":1663229588339,"authorId":3583568085402852,"author":{"id":3583568085402852,"authorId":3583568085402852,"name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167821787,"type":1,"supId":0,"prevId":0,"content":"<br>\n<br>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","text":"<br>\n<br>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","html":"<br>\n<br>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative"}],"langContent":"CN"},{"id":167885332,"gmtCreate":1624259015826,"gmtModify":1703831786897,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"comments pls","listText":"comments pls","text":"comments pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/167885332","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4929251,"gmtCreate":1624261982866,"gmtModify":1663229592351,"authorId":3583568085402852,"author":{"id":3583568085402852,"authorId":3583568085402852,"name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167885332,"type":1,"supId":0,"prevId":0,"content":"<br>\n<br>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","text":"<br>\n<br>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative","html":"<br>\n<br>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative"},{"id":4928695,"gmtCreate":1624259458969,"gmtModify":1663229589644,"authorId":3577612953569737,"author":{"id":3577612953569737,"authorId":3577612953569737,"name":"rhengheng","avatar":"https://static.tigerbbs.com/58bf6b16a89ff371c6c0942ad99039ea","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167885332,"type":1,"supId":0,"prevId":0,"content":"comment too please","text":"comment too please","html":"comment too please"},{"id":4928903,"gmtCreate":1624260461635,"gmtModify":1663229588339,"authorId":3572938859732841,"author":{"id":3572938859732841,"authorId":3572938859732841,"name":"KypChan","avatar":"https://static.tigerbbs.com/b1444bd0e2e7fbbe20b1f93ee9af3700","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3556586054061314,"repliedAuthor":{"id":3556586054061314,"authorId":3556586054061314,"name":"bluedolphin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":167885332,"type":1,"supId":4928695,"prevId":4928700,"content":"awright!","text":"awright!","html":"awright!"},{"id":4928718,"gmtCreate":1624259555502,"gmtModify":1663229588131,"authorId":3576232257279797,"author":{"id":3576232257279797,"authorId":3576232257279797,"name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":3556586054061314,"repliedAuthor":{"id":3556586054061314,"authorId":3556586054061314,"name":"bluedolphin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":167885332,"type":1,"supId":4928695,"prevId":4928700,"content":"Ok...good nite bb?","text":"Ok...good nite bb?","html":"Ok...good nite bb?"},{"id":4928700,"gmtCreate":1624259475705,"gmtModify":1635304756822,"authorId":3556586054061314,"author":{"id":3556586054061314,"authorId":3556586054061314,"name":"bluedolphin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167885332,"type":1,"supId":4928695,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":167814850,"gmtCreate":1624258337970,"gmtModify":1703831777689,"author":{"id":"3581562365927542","authorId":"3581562365927542","name":"BBBBBBBBBB","avatar":"https://static.tigerbbs.com/973395458d7e1db24dbd4a689c79e8a2","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Like n comment pls&nbsp;","listText":"Like n comment pls&nbsp;","text":"Like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/167814850","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4929190,"gmtCreate":1624261743042,"gmtModify":1663229589747,"authorId":3577164655493669,"author":{"id":3577164655493669,"authorId":3577164655493669,"name":"Leo_T","avatar":"https://static.tigerbbs.com/4639e7c3fcdc38b65d6833798171bf2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167814850,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4928925,"gmtCreate":1624260549754,"gmtModify":1663229589638,"authorId":3572938859732841,"author":{"id":3572938859732841,"authorId":3572938859732841,"name":"KypChan","avatar":"https://static.tigerbbs.com/b1444bd0e2e7fbbe20b1f93ee9af3700","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167814850,"type":1,"supId":4928622,"prevId":0,"content":"<u>sure</u>","text":"<u>sure</u>","html":"<u>sure</u>"},{"id":4928622,"gmtCreate":1624259009132,"gmtModify":1663229587338,"authorId":3582013951378523,"author":{"id":3582013951378523,"authorId":3582013951378523,"name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167814850,"type":1,"supId":0,"prevId":0,"content":"content la","text":"content la","html":"content la"}],"langContent":"EN"},{"id":167812663,"gmtCreate":1624258232852,"gmtModify":1703831771876,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Woo","listText":"Woo","text":"Woo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167812663","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4928719,"gmtCreate":1624259561590,"gmtModify":1663229587641,"authorId":3576232257279797,"author":{"id":3576232257279797,"authorId":3576232257279797,"name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167812663,"type":1,"supId":0,"prevId":0,"content":"Ok...good nite bb?","text":"Ok...good nite bb?","html":"Ok...good nite bb?"}],"langContent":"EN"},{"id":167836795,"gmtCreate":1624257344817,"gmtModify":1703831756898,"author":{"id":"3581244873474125","authorId":"3581244873474125","name":"US_watchlist","avatar":"https://static.tigerbbs.com/c45e6bbe1cefb0fecde067a20b3c788f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Great to adjust to market needs.","listText":"Great to adjust to market needs.","text":"Great to adjust to market needs.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/167836795","repostId":2145083294,"repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4928311,"gmtCreate":1624257357480,"gmtModify":1663229585032,"authorId":3574771607647825,"author":{"id":3574771607647825,"authorId":3574771607647825,"name":"Eellen","avatar":"https://static.tigerbbs.com/0cbc0a268b9b34bfdb5dbf82ce98d474","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167836795,"type":1,"supId":0,"prevId":0,"content":"Like and comment ","text":"Like and comment ","html":"Like and comment "},{"id":4928369,"gmtCreate":1624257672117,"gmtModify":1663229584736,"authorId":3583491361400942,"author":{"id":3583491361400942,"authorId":3583491361400942,"name":"Xuehao","avatar":"https://static.tigerbbs.com/68f8f0968bdff0787e4a34cf6caf8f84","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167836795,"type":1,"supId":4928311,"prevId":0,"content":"<u>sufe</u>","text":"<u>sufe</u>","html":"<u>sufe</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":61,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}