China’s Loan Prime Rates for May Remain Unchanged

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China’s key benchmark lending rate for May has remained unchanged compared to the previous month.

The loan prime rates (LPR) released by the Na­tional In­ter­bank Fund­ing Cen­ter on 20 May were 3.85% for a term of one-year and 4.65% for a term of five years, on par with the readings for April.

The LPR in China is the lend­ing rate pro­vided by com­mer­cial banks to their high­est qual­ity cus­tomers, and serves as the bench­mark for rates pro­vided for other loans.

At pre­sent the LPR re­port­ing group is com­prised of 18 com­mer­cial banks in China, in­clud­ing an orig­i­nal core group of 10 na­tional banks, plus two mu­nic­i­pal com­mer­cial banks, two rural vil­lage com­mer­cial banks, two for­eign in­vested banks and two pri­vately op­er­ated banks.

The Na­tional In­ter­bank Fund­ing Cen­ter (全国银行间同业拆借中心) serves as the des­ig­nated pub­lisher of the LPR, and releases the figures at 9:30 am on the 20th of each month, af­ter first col­lect­ing quotes from the group of re­port­ing banks and cal­cu­lat­ing the av­er­age of these quotes fol­low­ing ex­clu­sion of the low­est and high­est quotes.

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Loan Prime Rate (贷款市场报价利率)

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