Guangdong: "Loan clarity paper" promotes the reduction of comprehensive financing costs for business loans.

To solve the problem of opacity in the comprehensive financing cost of corporate loans, the People's Bank of China launched a pilot project for the explicit disclosure of the comprehensive financing cost of corporate loans in September 2024. In January 2025, this project was officially implemented in Guangdong Province. On June 20th, it was reported that the Guangdong Branch of the People's Bank of China launched the pilot project in Dongguan and Shantou, requiring financial institutions to provide enterprises with a detailed cost list when granting loans, making loan interest and other fees "transparent". From February to May 2025, through the pilot project of explicit disclosure of the comprehensive financing cost of corporate loans, 1.1 million market entities in Guangdong were informed of the comprehensive cost of 13,000 loans, involving a total amount of 37.2 billion yuan.