
Core Viewpoint - The recent decline in business loan interest rates below 3% among various banks reflects a competitive pricing strategy driven by weak credit demand and the search for quality assets [1][2]. Group 1: Interest Rate Trends - Several major banks have reduced business loan rates, with some products now available at rates as low as 2.4% [2]. - The average interest rate for small and micro enterprises has fallen below 3% [2]. - Banks are engaging in a price war, with state-owned banks and joint-stock banks leading the way in lowering rates to attract clients [2][3]. Group 2: Loan Approval and Monitoring - Banks are increasingly emphasizing the monitoring of loan fund flows, focusing on genuine business operations and purposes [4]. - There is a tightening of loan approval processes, particularly for businesses without substantial operational history [3][4]. Group 3: Competitive Strategies - In response to low-price competition, banks are diversifying their services to enhance customer relationships and increase overall revenue [5]. - Banks are shifting from a singular focus on business loans to providing comprehensive solutions that address broader business challenges [5][6]. - Regulatory bodies are advocating for improved pricing strategies and risk management to prevent excessive competition [5].