China’s Loan Prime Rates for May Remain Unchanged


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)