FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of People's Bank of China (PBOC) headquarters
2. PBOC sign on wall

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
3. Various of bank clerks counting yuan banknotes; yuan banknotes going through cash counting machine
4. Bundles of yuan banknotes

FILE: Beijing, China - Feb 2020 (CCTV - No access Chines mainland)
5. Various of clerks working in Bank of China

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
6. Various of sign of Beijing Loan Service Center
7. Corporate banking area
8. Bank clerk completing procedure
9. Customers in bank
10. Sign of loan business area

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
11. Aerial shots of cityscape

FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
12. Aerial shots of cityscape, Oriental Pearl Tower

FILE: Guangzhou City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
13. Aerial shots of cityscape, Canton Tower, bridge

FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
14. Aerial shots of cityscape

China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3 percent Monday, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.5 percent, according to the National Interbank Funding Center.

LPRs reflect the level of financing costs for households and businesses. Lower rates will ease the burden on borrowers, leading to higher levels of investment and consumption.

Interest rates on newly issued loans in China have remained relatively low. Data showed that in March 2026, the weighted average interest rate for new corporate loans was around 3.1 percent, about 25 basis points lower than a year earlier, while that for new personal housing loans was 3.1 percent, 6 basis points lower than the same period last year.

China will continue to implement a more proactive fiscal policy and adopt an appropriately accommodative monetary policy in 2026, according to this year's government work report.