China's five largest state-owned banks including ICBC, ABC, and CCB have once again lowered their deposit rates. Among them, the demand deposit rate was lowered from 0.25% to 0.2%. The 2-year fixed term deposit rate was lowered by 10 basis points to 2.05%; the 3-year fixed term deposit rate was lowered by 15 basis points to 2.45%; and the 5-year fixed term deposit rate was lowered by 15 basis points to 2.5%.