www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Nine banks to issue China's first certificates of deposit

By Cai Muyuan (chinadaily.com.cn) Updated: 2015-06-12 15:35

Nine banks to issue China's first certificates of deposit

A teller counts money in a bank in Ganyu county, East China's Jiangsu province. [Photo/China Daily]

Nine Chinese banks, including the "Big Four", will issue the country's first batch of large-scale certificates of deposit (CDs) on June 15, China Securities Journal reported on Thursday.

The subscription threshold of the CDs for an individual is 300,000 yuan ($48,336), while the minimum for an institution is 10 million yuan. According to a source with Industrial and Commercial Bank of China Ltd (ICBC), this batch of CDs will be issued from June 15 to 19 with terms of one year and shorter.

The interest rate of this batch of CDs will float upwards by 40 percent from benchmark interest rate at most, the report said.

According to ICBC, large-scale CDs for individuals will be issued in two terms - one year and six months. The interest rate will reach 1.4 times higher than the central bank's benchmark interest rate at most. The CDs for individuals can be drawn in advance and can also be used for pledge.

As a time deposit, CDs are similar to savings accounts in that they are insured and thus virtually risk free but have a specific, fixed term which varies from monthly, three months, six months to five years with a fixed interest rate.

Analysts pointed out that negotiable CDs can serve as a replacement of fixed deposit and will form an impact on the near term of deposit rate.

The initial scale of CDs is not expected to exceed 3 trillion yuan for there are a limited number of qualified lenders.

Banks that will issue CDs include the "Big Four" - Industrial and Commercial Bank of China Ltd, Agricultural Bank of China Ltd, Bank of China Ltd and China Construction Bank Corp.

Bank of Communications Co Ltd, China Citic Bank Corp Ltd , China Merchants Bank Co Ltd and Industrial Bank Co Ltd and Shanghai Pudong Development Bank are also on the list.

Analyst with China International Capital Corporation said that the potential of large-scale CDs is greater than what is expected. Theoretically speaking, if the subscription threshold is zero, the CDs issued by banks can replace the traditional fixed deposit.

The issuance of CDs is a part of interest rates liberalization process which will drive up the deposit cost of commercial banks slightly in short term but in longer term benefit the banks, Yang Chi, an authority with Hua Xia Bank said, adding that it helps keeping money in the banking system, adjusting liability structures and coping with impacts brought by Internet finance and non-bank financial institutions.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩一区二区三区视频在线观看 | 国产无套视频在线观看香蕉 | 色综合久久久久 | 国产美女作爱全过程免费视频 | 国产精品成人在线 | 在线亚洲自拍 | 亚洲欧美日本人成在线观看 | 国产一区二区三区在线免费观看 | 国产精品免费观在线 | 九草视频 | 99精品国产综合久久久久 | 玖草在线资源 | 爽爽日本在线视频免费 | 国产精品视频一区二区猎奇 | 日韩欧美一区二区久久 | 日韩一级一欧美一级国产 | 国产精品自拍视频 | 日韩免费精品一级毛片 | 顶级毛片在线手机免费看 | 免费观看成人www精品视频在线 | 偷偷久久| 国产三级日本三级在线播放 | 成人欧美在线观看 | 成人在线免费 | 国产东北色老头老太性视频 | 亚洲精品在线视频 | 午夜影院啪啪 | 99国产精品农村一级毛片 | 欧美一级毛片欧美一级成人毛片 | 久久国产精品久久久久久久久久 | 玖玖爱zh综合伊人久久 | xxx欧美老熟 | 狠狠做久久深爱婷婷97动漫 | 爱爱客影院在线影院gf发现 | 日韩欧美国产一区二区三区 | tubesexvideo日本护士 | 欧美成人午夜不卡在线视频 | 国产亚洲精品九九久在线观看 | 国产成人亚洲综合欧美一部 | 美女视频网站永久免费观看软件 | 国产91久久久久久久免费 |