International Chamber of Commerce China National Committee spokesperson Xue Jian: The lending rate for the best companies in the market should be based on the LPR itself rather than LPR minus points.

Xue Jian, Chairman of the Factoring and Forfaiting Expert Group of the Banking Committee of the China National Committee of the International Chamber of Commerce, said that since the original meaning of LPR is "lending rates for the best customers," it should make LPR truly become the lending rate for those "best quality customers," meaning that the lending rate for the best companies in the market should be LPR itself rather than LPR minus points. This will better reflect the effectiveness of monetary policy, financial stability, and the credibility of reforms. A significant deviation in LPR will mislead the market and affect the efficiency of policies. Future reforms need to balance policy objectives with market rules, making LPR a true "price signal" that reflects the supply and demand of funds.