The People's Bank of China has decided to lower the benchmark interest rate of RMB deposits and loans of financial institutions from July 6, 20 12. The benchmark interest rate for one-year deposits of financial institutions is lowered by 0.25 percentage point, and the benchmark interest rate for one-year loans is lowered by 0.3 1 percentage point; The benchmark deposit and loan interest rates of other grades and the deposit and loan interest rates of individual housing provident fund are adjusted accordingly.