EconomyBanks issue Hainan free trade port’s first corporate loans tied to interbank repo rates
Branches of Industrial and Commercial Bank of China, China Merchants Bank and Shanghai Pudong Development Bank have issued the first batch of corporate loans in the Hainan Free Trade Port linked to Depository Institutions Repo Rate benchmarks. The move broadens the use of market-based loan pricing in the port. By tying corporate financing to an interbank rate benchmark, the loans introduce a new pricing reference for businesses operating there. The initiative reflects expanding financial experimentation within the free trade port.
CChina News Service★★☆☆☆2026-07-21 07:10Original
Banks issue Hainan free trade port’s first corporate loans tied to interbank repo rates