[Multiple Banks Raise USD Time Deposit Rates] According to Jinse Finance, on November 12th, following the Federal Reserve's interest rate hike and the People's Bank of China's announcement on November 15th to raise the foreign exchange deposit reserve ratio to 6%, several banks again raised their USD time deposit rates, with some products exceeding 4%. The average benchmark yield for USD wealth management products in October reached 4.1%. Foreign banks saw a significant increase in interest rates, while state-owned banks maintained their quoted rates around 2.8%, and a yield curve inversion phenomenon also emerged. (21st Century Business Herald)