4.85% for six months

4.85% for one year

5.25% for three years

The benchmark interest rates for RMB loans and deposits of financial institutions were lowered from June 28th, 215, in order to further reduce the financing costs of enterprises, and at the same time, there were

the central bank decided to lower the benchmark interest rate of one-year loans of financial institutions by .25 percentage points to 4.85%; The benchmark interest rate for one-year deposits is lowered by .25 percentage points to 2%; Other benchmark interest rates for loans and deposits of various grades, and deposit and loan interest rates for individual housing provident fund shall be adjusted accordingly.

At the same time, the central bank announced that in order to further support the development of the real economy and promote structural adjustment, the deposit reserve ratio will be reduced by .5 percentage points for city commercial banks and non-county rural commercial banks whose loans to agriculture, rural areas and farmers have reached the targeted cuts to required reserve ratios standard; Large state-owned commercial banks, joint-stock commercial banks and foreign banks that have reached the targeted cuts to required reserve ratios standard for loans to agriculture, rural areas and farmers or small and micro enterprises will reduce the deposit reserve ratio by .5 percentage points; Reduce the deposit reserve ratio of financial companies by 3 percentage points, and further encourage them to play a good role in improving the efficiency of enterprise capital utilization.