The six major banks have stopped selling 5-year large-denomination certificates of deposit (CDs), indicating a clear trend towards shorter maturities for large-denomination CDs.

According to the Financial Times, China's six major state-owned banks have completely stopped selling five-year large-denomination certificates of deposit, and many banks have scaled back their long-term deposit business, selling only three-year products with declining interest rates. Analysts say this is related to the downward trend in interest rates.