The People's Bank of China has announced a reduction in the minimum investment amount for individual investors in large-denomination certificates of deposit to 200,000 yuan. This change is part of the newly released "Administrative Measures for Large-Denomination Certificates of Deposit (Draft for Public Comment)," which aims to standardize the issuance of these certificates by banking institutions to non-financial investors. Feedback on the draft is open until July 12, 2026. The regulations specify that large-denomination certificates of deposit are general deposits, with a minimum subscription amount of 200,000 yuan for individuals and 10 million yuan for institutions. The terms for these certificates range from one month to five years, with interest rates determined by market mechanisms. Issuers are required to file annual issuance plans and disclose relevant information. These certificates can be issued and transferred through various channels, including bank branches and electronic banking, and can be used for collateralized loans.