China Big Four State Banks Said to Cut Dollar Deposit Rates

China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter, at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low.

China Big Four State Banks Said to Cut Dollar Deposit Rates

China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter, at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low.