On October 20, 2026, the People's Bank of China authorized the National Interbank Lending Center to announce the new LPR quotation: 3.0% for 1-year varieties; 3.5% for products over 5 years. In response, Dongfang Jincheng said that LPR prices have remained stable recently. The fundamental reason is that the GDP growth rate rebounded to 4.5% in the third quarter, and the new productivity sector represented by high-tech manufacturing accelerated development. In this context, aggregate monetary policy maintains strength, and monetary policy increases countercyclical adjustment and gives priority to structural monetary policy instruments. Looking ahead, it is unlikely that LPR prices will be lowered in the short term. Following the introduction of measures for steady structural growth and stabilizing the property market, we will now enter a period of observing the effects of the policy. The possibility of following up on the aggregate interest rate cut policy in the short term will decrease, and the pricing basis for LPR quotes will remain stable.

On October 20, 2026, the People's Bank of China authorized the National Interbank Lending Center to announce the new LPR quotation: 3.0% for 1-year varieties; 3.5% for products over 5 years. In response, Dongfang Jincheng said that LPR prices have remained stable recently. The fundamental reason is that the GDP growth rate rebounded to 4.5% in the third quarter, and the new productivity sector represented by high-tech manufacturing accelerated development. In this context, aggregate monetary policy maintains strength, and monetary policy increases countercyclical adjustment and gives priority to structural monetary policy instruments. Looking ahead, it is unlikely that LPR prices will be lowered in the short term. Following the introduction of measures for steady structural growth and stabilizing the property market, we will now enter a period of observing the effects of the policy. The possibility of following up on the aggregate interest rate cut policy in the short term will decrease, and the pricing basis for LPR quotes will remain stable.