Issued: September 11 2014
Main contents: Commercial banks may not use the following means to unlawfully attract or fraudulently increase deposits:
(1) attracting deposits with high interest;
General Office of the China Banking Regulatory Commission, General Office of the Ministry of Finance and General Office of the People's Bank of China, Circular on Matters Relevant to Strengthening the Administration of the Deposit Deviation Ratio of Commercial Banks
中国银监会办公厅、财政部办公厅、人民银行办公厅关於加强商业银行存款偏离度管理
Banks can no longer offer last minute interest rate increases to attract deposits.
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