> China instructs commercial banks to stop offering interest rates on deposits

China instructs commercial banks to stop offering interest rates on deposits

These are for deposits above the deposit rate ceiling

Arno V Venter

Wednesday, 10/04/2024 | 10:42 GMT-0

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China instructs commercial banks to stop offering interest rates on deposits above deposit rate ceiling
China instructs banks to complete rectification of excessive high-yield deposits before end-April

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