The Industrial and Commercial Bank of China has successfully landed the country's first DR benchmark interest rate loan.

To conform to the international trend of transitioning from a single pricing benchmark for loans to a diversified pricing benchmark system, Industrial and Commercial Bank of China recently successfully landed the country's first DR benchmark rate loan in the Hainan Free Trade Port. The bank granted a 76.7 million yuan 1-year EF account interval floating rate DR loan to a foreign-funded enterprise to meet the diverse financing needs of the company's foreign trade and other operations.