[a number of big banks cut RMB deposit rates for three years and five years by 15 basis points] FYF, 7 June, a number of major state-owned banks will formally adjust RMB deposit rates from June 8. Among them, some large banks have adjusted the RMB deposit listing interest rate, and the demand deposit listing rate has been reduced by 5 basis points to 0.2%. In the time deposit and withdrawal products, the 3-month, 6-month and 1-year listing rates remain unchanged, 1.25%, 1.45% and 1.65% respectively. The two-year listing rate was reduced by 10 basis points to 2.05%. The three-year and five-year listing rates were both cut by 15 basis points to 2.45 per cent and 2.5 per cent, respectively. In addition, the listing interest rate of zero deposit and withdrawal, whole deposit and withdrawal, deposit and interest will remain unchanged, and the listing interest rate of notification deposits will remain unchanged. (Securities Times)