Chinese banks test repo-linked corporate loans for more market-based pricing
Chinese banks are rushing to test a new way of pricing corporate loans against short-term market funding costs, a move that analysts say could make borrowing rates more responsive to monetary conditions but also test lenders’ risk management capabilities.
The shift to the overnight or seven-day depository-institutions repo rate (DR) from the monthly-released loan prime rate (LPR) follows Beijing’s June decision to change lending benchmarks to better reflect market conditions.
Bank of China, one...
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