(Huarui Bank) and Su'nan Bank have gone against the trend by launching large-denomination certificates of deposit with interest rates exceeding 2%, some of which have already been "sold out".

The journalist noticed that against the backdrop of declining interest rates, many private banks such as Su Shang Bank and Huarui Bank have recently launched large-denomination certificates of deposit with interest rates exceeding 2%, which have a significant advantage compared to state-owned and commercial banks. However, multiple interviewees pointed out to the journalist that this is mainly for attracting customers and further enhancing the competitiveness in the retail market, and is only a temporary and small-scale customer acquisition strategy, lacking long-term sustainability. On September 18th, the journalist logged into the Shanghai Huarui Bank app and learned that the bank recently launched two products: an 18-month term and a two-year term large-denomination certificate of deposit with annual interest rates of 2.15% and 2.35%, with a subscription starting point of 200,000 yuan. The two-year certificate of deposit can be transferred after 30 days. However, the journalist noticed that the introduction pages of the two products stated "Purchase limited to Shanghai area only". As of the time of publication, the 18-month large-denomination certificate of deposit was shown as "sold out", and the two-year certificate of deposit was "running out of quota" with a remaining quota of 78.20 million yuan.