Four State-Owned Banks Resume Five-Year CDs at 1.6% Annual Rate

After suspending sales for several months, four major state-owned banks have recently resumed issuing five-year large-denomination certificates of deposit, with the highest annual interest rate at 1.6%. Field visits to multiple bank branches show that quota for the five-year certificates is ample, investor subscription enthusiasm is lukewarm, and bank customer managers show little inclination to promote the products.