As of the end of August 2026, the disclosure of the 2026 semi-annual reports of 42 A-share listed banks has come to an end. A seemingly contradictory signal has surfaced: the “deposit regularization” trend that continued for several years has not been reversed — the Agricultural Bank's personal time deposit balance reached 14.30 trillion yuan at the end of June, an increase of 942,214 billion yuan over the end of the previous year; the average personal term balance of ICBC in the first half of the year increased by 1 trillion yuan over the same period last year. But another curve has turned: high-cost term deposits are being repriced one after another as they mature centrally, driving banks' debt costs down markedly.

As of the end of August 2026, the disclosure of the 2026 semi-annual reports of 42 A-share listed banks has come to an end. A seemingly contradictory signal has surfaced: the “deposit regularization” trend that continued for several years has not been reversed — the Agricultural Bank's personal time deposit balance reached 14.30 trillion yuan at the end of June, an increase of 942,214 billion yuan over the end of the previous year; the average personal term balance of ICBC in the first half of the year increased by 1 trillion yuan over the same period last year. But another curve has turned: high-cost term deposits are being repriced one after another as they mature centrally, driving banks' debt costs down markedly.