[Many banks in Hong Kong lowered Hong Kong dollar time deposit rates] According to Jinshi Data on August 26, as the expectation of the Fed's interest rate cut continued to increase, the Hong Kong banking industry took the lead and lowered the Hong Kong dollar time deposit rate. The Dah Sing Bank's official website shows that the current 3-month Hong Kong dollar high-interest time deposit rate has dropped to 3.4%. On August 22, the information released on the official website of Bank of China (Hong Kong) showed that the annual interest rate for the 3-month Hong Kong dollar new funds special time deposit was 3.4%. Analysts believe that since Hong Kong interest rates often follow changes in US interest rates, as expectations of the Fed's interest rate cut heat up, Hong Kong banks have chosen to lower their time deposit rates in order to avoid the impact of high-interest locked deposits on interest rate spreads. On August 26, HIBOR (Hong Kong Interbank Offered Rate) fell, and the 1-month HIBOR has recently fallen below 4%. (Reprinted from: Jinshi Data)