China’s LPR is good for onshore market, but makes offshore lending tougher
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Asia

China’s LPR is good for onshore market, but makes offshore lending tougher

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China introduced its new benchmark rate, the loan prime rate (LPR), over the weekend, with the first rate published on Tuesday. The reform, which aims to help companies lower their funding costs, is likely to boost the onshore market but will make the already slow offshore market even more difficult.

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