Large-denomination certificates of deposit return as Chinese banks restart issuance

Chinese state-owned, joint-stock, city/rural commercial and foreign banks have collectively restarted issuing large-denomination certificates of deposit. State banks offer up to 1.60 percent, Minsheng Bank's five-year product reaches 1.79 percent, and Everbright Bank's three-year product reaches 1.92 percent, though many medium- and long-term products are sold out. The products were delisted collectively in November 2025 and returned by October 2026; the central bank's June draft rules propose lowering the individual threshold to 200,000 yuan and allowing transfers.