Zheng Quan Ri Bao Zhi Sheng·2025-08-03 15:10Core Points - The article discusses a pilot program initiated by the People's Bank of China in Sanming City, Fujian Province, aimed at enhancing transparency in corporate loan financing costs through a "Loan Clarity Paper" [1][2][3] - The program has led to a significant reduction in comprehensive financing costs for businesses, with an example showing a decrease from 3.2% to 2.95% due to the bank covering assessment fees [1][2] - The initiative has resulted in 984 "Loan Clarity Papers" being filled out, involving loans totaling 2.533 billion yuan by the end of June [1][2] Summary by Sections Loan Cost Transparency - The "Loan Clarity Paper" provides a detailed breakdown of all loan-related costs, including interest rates, guarantee fees, assessment fees, and registration fees, allowing businesses to understand their total financing costs [2] - The pilot program has addressed the long-standing issue of businesses only being aware of interest rates without understanding the total costs involved [2] Financial Service Improvement - The People's Bank of China in Sanming has encouraged banks to optimize services and reduce fees, leading to a decrease in the average interest rate for new loans to 3.49%, down 0.6 percentage points year-on-year [3] - Specific cases illustrate how banks have proactively engaged with businesses to lower financing costs, such as a manufacturing company that reduced its loan rate to 3.21% through a "no repayment" loan option [3] Future Directions - The People's Bank of China in Sanming plans to continue guiding banks to ensure that loan-seeking enterprises are well-informed, aiming to further reduce comprehensive financing costs and create a conducive monetary environment for high-quality local economic development [4]