How China’s loan prime rate can bash the big banks into shape

China’s recent rate reforms need to work hand in hand with other door-opening policies to push its major lenders away from SOEs.

By Black Swan

Dec 2, 2013

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In October, the People’s Bank of China (PBOC) launched its benchmark loan prime rate (LPR), an average rate based on quotes of a panel of China’s nine biggest commercial lenders by assets to their “best customers”.

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