, Columnists
China’s Deposit-Hungry Banks Start to Get Fancy
High-yielding structured deposits are surging at smaller lenders.
China’s mid-tier lenders are getting creative as they seek to shore up deposits.
Photographer: Brent Lewin/Bloomberg
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China’s banks have a deposit problem. For those outside the so-called Big Four lenders, there’s just not enough to go around.
It’s not an issue for the biggest. Industrial & Commercial Bank of China Ltd., Bank of China Ltd., China Construction Bank Corp. and Agricultural Bank of China Ltd. all share one thing: sticky, low-cost retail deposits.