LPR is the quoted interest rate in the loan market, which is a new mechanism introduced by the central bank on 20 19. LPR is published once a month and can be increased or decreased. Increment value = current interest rate level of the original contract-2065438+LPR released in February 2009, and the increment value is fixed after confirmation.

Pricing benchmark can only be converted once, and cannot be converted again after conversion. In the last repricing cycle, the floating-rate loan of inventory shall not be converted. In principle, the conversion of the pricing benchmark of floating rate loans should be completed before August 3, 20201.

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