The People's Bank of China: Lowering the minimum amount for individual investors to subscribe to large denomination certificates of deposit to no less than RMB 200000 The People's Bank of China has released the "Regulations on the Administration of Large denomination Deposit Certificates (Draft for Comments)" to standardize the issuance of large denomination deposit certificates by banking deposit financial institutions to non-financial institutional investors. The deadline for feedback is July 12, 2026. The new regulations specify that large denomination certificates of deposit are general deposits, with a minimum subscription threshold of 200000 yuan for individuals and 10 million yuan for institutions. The term covers 1 month to 5 years, and the interest rate is determined in a market-oriented manner, which can be fixed or linked to Shibor, DR, and other interest rates. The regulations require issuers to file annual issuance plans and fulfill information disclosure obligations. Large denomination certificates of deposit can be issued and transferred through bank branches, electronic banking, and recognized third-party platforms, and can be used for pledge loans and other businesses.