Today, reporters visited multiple bank branches in the Beijing area and found that some banks have followed suit in lowering US dollar deposit rates. Several other banks have indicated that they will also adjust their rates. 'Our bank lowered the US dollar deposit rate last week. The 1-year US dollar deposit rate starting from $5000 has been reduced from 4% to 3.8%, while the 3-month and 6-month US dollar deposit rates remain unchanged at 4%,' said a customer manager at the Bank of Beijing's Taoran Pavilion Road branch. Managers at Bank of Jiangsu and Hang Seng Bank both mentioned that although their banks have not yet lowered the US dollar deposit rates, adjustments are expected soon. In addition, managers from China Construction Bank, Agricultural Bank of China, cm bank, and Ping An Bank stated that they have not received any notification regarding adjustments to US dollar deposit rates. (China Securities Golden Cattle)