[Hang Seng Bank and China Merchants Bank have followed suit to lower the interest rate on US dollar deposits] Jinshi Data reported on September 23 that the Federal Reserve announced on September 19, Beijing time, that it would lower the benchmark interest rate by 50 basis points. The reporter visited several bank outlets in Beijing and learned that Hang Seng Bank and China Merchants Bank have followed suit to lower the interest rate on US dollar deposits. The wealth management manager of Hang Seng Bank Beijing Financial Street Branch told reporters that the current interest rates for 3-month, 6-month and 1-year fixed deposits starting from 20,000 US dollars are 4.6%, 4.25% and 3.6% respectively. The shorter the term, the higher the interest rate. "Last week, there were 5% US dollar fixed deposit products, but this week there are no more. It is expected that the interest rate will be lowered in 3 months." The wealth management manager said. The wealth management manager of the business department of China Merchants Bank Beijing Branch said that the current 1-year fixed deposit interest rate of 50,000 US dollars and above is 2.1%, which is 0.1% to 0.2% lower than last week. Wealth management managers of many banks such as HSBC, Industrial and Commercial Bank of China, Bank of China, CITIC Bank, and Pudong Development Bank said that there has been no adjustment yet. (China Securities Taurus) (Reprinted from: Jinshi Data)