Six major Chinese banks, including the Industrial and Commercial Bank of China and the Bank of China, have ceased offering 5-year large-denomination certificates of deposit (CDs), shifting towards shorter maturities. The longest available term is now 3 years, with interest rates lower than last year. This move reflects a broader trend as banks respond to a low-interest-rate environment and reduced demand for long-term deposits. Analysts suggest that banks are less inclined to offer long-term deposit products due to weak credit demand and a rapid increase in deposit scale.