1. The conversion of pricing benchmark for floating-rate loans in stock actually means that the customers of floating-rate loans in stock can convert the pricing method of loan interest rate stipulated in the original contract into LPR as pricing benchmark (plus points can be negative) or into fixed interest rate after consultation with financial institutions.

2.LPR is the quoted interest rate in the loan market, and the original contract is generally based on the benchmark loan interest rate stipulated by the central bank. Pricing benchmark can only be converted once, and cannot be converted again after conversion. In addition, if the customer is already in the last repricing cycle, there is actually no need to switch. As for loans with fixed interest rates, there is no need to convert them.