China PBOC Loan Prime Rate (1-year LPR / 贷款市场报价利率)
China PBOC Loan Prime Rate (1-year LPR / 贷款市场报价利率) is 3 percent, in force since 20 May 2025, cited to 中国人民银行, 2026年10月20日全国银行间同业拆借中心受权公布贷款市场报价利率（LPR）公告. 1年期LPR为3.0%，5年期以上LPR为3.5%. It was 3.1 percent before that. Last checked against the official source on 24 Oct 2026.
Official source: 中国人民银行, 2026年10月20日全国银行间同业拆借中心受权公布贷款市场报价利率（LPR）公告. 1年期LPR为3.0%，5年期以上LPR为3.5% · Last checked 2026-10-24 · source fingerprint
Loan Prime Rate (贷款市场报价利率) published monthly — typically on the 20th, or the next working day — by the National Interbank Funding Centre (全国银行间同业拆借中心) on authorisation of the People's Bank of China. The 1-year LPR is served as the numeric value; the over-5-year LPR (mortgage benchmark) is recorded in notes when published alongside. This is the quoted lending benchmark for new RMB bank loans, not the PBOC's 7-day reverse-repo operation rate.
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| Current value | 3 percent |
|---|---|
| In force from | 2025-05-20 |
| Official source | 中国人民银行, 2026年10月20日全国银行间同业拆借中心受权公布贷款市场报价利率（LPR）公告. 1年期LPR为3.0%，5年期以上LPR为3.5%. |
| Last verified | 2026-10-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Unchanged again at the 20 October 2026 fixing (1-year 3.0%, over-5-year 3.5%; read from pbc.gov.cn on 2026-10-24). SERVED VALUE is the 1-year LPR (3.0%). The same 20 Aug 2026 PBOC announcement set the over-5-year LPR at 3.5% (mortgage benchmark). Both tenors have been unchanged since the 20 May 2025 fixing, which printed 1-year 3.0% and over-5-year 3.5% (official PBOC announcement https://www.pbc.gov.cn/zhengcehuobisi/125207/125213/125440/3876551/5714282/index.html, HTTP 200). The immediately preceding official fixing we fetched (21 Apr 2025) was 1-year 3.1% / over-5-year 3.6% (https://www.pbc.gov.cn/zhengcehuobisi/125207/125213/125440/3876551/5677604/index.html, HTTP 200). LPR is published on the 20th of each month or the next working day and remains valid until the next publication. DO NOT confuse with the PBOC 7-day reverse-repo operation rate (1.40% since 8 May 2025), which the PBOC treats as its main open-market policy rate; this official-slice series serves the LPR lending benchmark. RECONFIRMED 2026-10-12: reconfirm. September 20 2026 fixing held the 1-year LPR at 3.0% (over-5-year LPR 3.5% alongside). Same value and effective_from as live. The 2025-05-20 announcement already stated 1年期LPR为3.0%，5年期以上LPR为3.5%. Value kept as scalar 3 to match the live shape; the announcement prints 3.0%. October 2026 LPR is not published yet (next fixing is around 20 October; checked 2026-10-12). Same sentence on 中国货币网 https://www.chinamoney.org.cn/chinese/rdgz/20260920/3420412.html.
Earlier values
| From | Value | Source |
|---|---|---|
| 2025-04-21 | 3.1 | 中国人民银行授权全国银行间同业拆借中心公布，2025年4月21日贷款市场报价利率（LPR）为：1年期LPR为3.1%，5… |
Get it programmatically
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Other China series: VAT standard rate (增值税基本税率) · VAT registration threshold · Minimum wage (no national rate — province-set; highest is Shanghai) · Public holidays (国家法定节假日 + State Council annual arrangement) · CPI inflation (year-on-year, 居民消费价格指数) · Enterprise Income Tax standard rate (企业所得税) · Withholding tax rates · Statutory default interest (法定利率 / 逾期利息) · Individual Income Tax · Statutory social-insurance contributions · Tax filing deadlines
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