This will force more people to #RWA and invest in digital U.S. bonds, the deposit interest rate has dropped too much, although the original intention is to drive residents' deposits to consumption and investment, but the current domestic environment and background, how many people are willing to invest real money? This morning, China Construction Bank, China Merchants Bank, and Agricultural Bank of China announced a reduction in deposit interest rates! China Merchants and China Construction Bank lowered their half-year, one-year and two-year tenors by 15 basis points to 0.65%, 0.85%, 0.95% and 1.05% respectively. The three-year and five-year maturities were lowered by 25 basis points to 1.25% and 1.3%, respectively. Among them, the 1-year interest rate broke 1%, indicating that the deposit interest rate has officially entered the "1" era! According to the agency's calculations, every 10bp drop in deposit interest rates will lead to an outflow of about 1.2 trillion yuan from the banking system, of which about 30%-40% (360-480 billion yuan) may flow into the A-share market. I believe that not too many people will choose A-shares, and more people will choose Hong Kong stocks or US dollar deposits! 😂 Good #RWA