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CHINA PRESS
CHINA PRESS: The new LPR reference rate for bank loans released by the PBOC
today would not impact on the interest rate spreads of commercial banks in the
short term, China Securities Journal reported. Citing economists, the Journal
reported that the move would, however, impact on the spread level in the long
run and lead to a gradual increase in banks' risk appetite. This would benefit
the real economy as these banks served small companies. Meanwhile, mortgage
interest rates are unlikely to go down and there would still be some upside in
the short term amid tightening housing regulations, the newspaper added.