ICBC has resumed issuing five-year large-denomination certificates of deposit (CDs), with a minimum subscription of RMB 200,000. The first and second tranches of 2026 offer annual interest rates of 1.6% and 1.55%, respectively. Other major state-owned banks, including Bank of China, Agricultural Bank of China and China Construction Bank, had resumed five-year CDs since July 2026. ICBC's branch counters currently sell only one-year CDs because of differences between online and offline quota allocations.
HSBC Holdings has received purchase inquiries from multiple insurers for its UK pension assets, valued at 18.7 billion pounds (about 197.3 billion Hong Kong dollars). The insurers initiated the inquiries, and HSBC has not started a formal sale process, with only preliminary discussions underway. According to HSBC UK's annual report, the pension assets had a surplus of 5.26 billion pounds as of December 2025.
SPD Bank announced on July 27 that its registered capital has increased to RMB 33.306 billion, approved by the National Financial Regulatory Administration, following conversion of its RMB 50 billion convertible bonds issued in 2019, which generated 3.954 billion shares. Meanwhile, Ziyin convertible bonds expired with 99.98% unconverted, leading to cash redemption. Since 2026, the bank convertible bond market has been sluggish, with shrinking scale and low conversion rates affecting capital replenishment.
CITIC Bank announced on July 31 that Vice President He Jinsong has resigned due to a work adjustment. The board recently received his resignation letter. He Jinsong stepped down from the vice president position. The bank's brief statement did not provide further details on the adjustment or his future role.