LPR May Still Fall if PBOC Cuts RRRs in Q4: Securities Journal

China's lending rate benchmark, the Loan Prime Rate, may be more likely to be lowered if the People's Bank of China again cuts RRRs for banks in Q4 and reduces lenders' incremental capital costs, the China Securities Journal reported citing market participants. Should the 1-year LPR gets lowered, business lending costs may decline more quickly, spurring the real economy's financing demand and drastically easing SMEs' difficulties to raise money, the newspaper said citing analyst Wang Qing of Golden Credit Rating. Chinese monetary policies are likely to continue pushing for lower real lending rates and favouring innovation, sustainability and small businesses, said the journal.