CCB Vice President: Fixed Deposit Renewal Rate Exceeds 90% in H1

Tang Shuo, vice president of China Construction Bank (CCB), said at the bank's interim results briefing on August 28 that the renewal rate for maturing fixed deposits from individual customers exceeded 90% in the first half of the year, and remained stable. Tang also noted that in response to the low-interest-rate environment, CCB has set a goal to become the primary bank for retail customers, with a focus on increasing coverage in core settlement, primary investment, and primary financing services.