This is China’s Libor moment: lenders are preparing to re-rate millions of loans across China, and this month the market will get access to options to help them manage interest rate risk.
The country’s central bank has already urged banks to rate new adjustable-rate loans at the country’s Loan Prime Rate (LPR), which it reformed last August, but from March financial institutions must begin the arduous task of converting their existing adjustable-rate loans to the new
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