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https://www.wsj.com/articles/cutting-deposit-rates-has-become-mission-critical-for-chinese-banks-a17759ef

Cutting Deposit Rates Has Become Mission Critical for Chinese Banks

Cheap lending has hit banks’ interest margins, which could weaken their capital positions

By Cao Li
Chinese lenders are reducing the interest rates they pay on some deposit accounts. Photo: Qilai Shen/Bloomberg News

Banks across China are slashing deposit rates, after a year that saw their profits being squeezed by lower lending rates and record-high savings levels. 

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.