Press "Enter" to skip to content

China’s Supreme Court slashes maximum protected interest rate for private loans


China’s Supreme People’s Court said it will slash the maximum interest rate on private loans protected by law, in a move to ramp up crackdown on the private lending sector plagued with shady practices and lower borrowing costs of small businesses.

The ceiling on private lending will be capped at four times the Loan Prime Rate (LPR), He Xiaorong, a member of the Supreme Court’s judicial committee, said at a briefing on Thursday. The . . .

To continue reading, please subscribe. You will get


  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare. 


FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In