Reported November 12, 2026. China’s central bank said it would work toward more varied benchmarks for pricing loans, rather than relying as heavily on the loan prime rate (LPR). In its third-quarter monetary policy report, released November 11, the People’s Bank of China also said it would guide financial institutions to explore floating-rate loans linked to DR001. The report described a policy direction, not an enacted change to loan-pricing rules.
The bank said it would maintain a moderately accommodative monetary policy, keep liquidity ample and adjust its tools as domestic and international economic and financial conditions warrant. It also said it would monitor policy changes at major overseas central banks.
Chinese shares rose on November 11: the Shanghai Composite gained 0.46%, the Shenzhen Component 1.32% and the ChiNext index 3.11%. In New York, the Dow rose 0.49%, the S&P 500 1.31% and the Nasdaq Composite 1.60%.
