State-owned banks continue cutting deposit interest rates
Four State-owned banks have further cut deposit interest rates by 0.2-0.3 percentage points to reach around 7 per cent for 12-month deposits.
Four State-owned banks have further cut deposit interest rates by 0.2-0.3 percentage points to reach around 7 per cent for 12-month deposits.
The State would continue holding no less than 65% charter capital in State-owned banks, according to the latest Government Decision on State ownership in enterprises.