来源：中国人民银行 突发！"伊朗首都德黑兰传出巨大爆炸声"，内塔尼亚胡最新发声！白宫：特朗普将作决定 6月20日，中国人民银行授权全国银行间同业拆借中心公布，2025年6月20日贷款市场报价利率（LPR）为： 1年期LPR为 3.0%（上次为3.0%）， 5年期以上LPR为3.5%（上次为3.5%）。以上LPR在下一次发布LPR之前有效。 | | | | 中国人民银行 THE PEOPLE'S BANK OF CHINA | | 货币政策司 Monetary Policy Department | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 信息公开 | 新闻发布 | 業事業部 | 货币政策 | 宏观甲慎 | 信贷政策 | 金融市场 | 金融稳定 | 调查绞计 | 银行会计 | 支付体系 | | | 金融科技 | 人民币 | 经理国库 | 国际交往 | 人员招录 | 学术交流 | 征信管理 | 反洗钱 | 党建工作 | | | 服务互动 | 政务公开 | 政策解读 | 公告信息 | 图文直播 | ...

6月贷款市场报价利率（LPR）报价出炉：5年期以上LPR为3.5%，上月为3.5%。1年期LPR为3%， 上月为3%。 ...

6月贷款市场报价 利率（ LPR）报价出炉：5年期以上LPR为3.5%，上月为3.5%。1年期LPR为3%，上月 为3%。 ...

中国6月五年期贷款市场报价利率(LPR) 3.5%，前值 3.5%。 ...

中国6月一年期贷款市场报价利率(LPR) 3%，前值 3%。 ...

关 注 我 们 获 取 更 多 资 讯 业 务 咨 询 添 加 客 服 瑞达期货研究院 「2025.05.23」 焦炭市场周报 提降落地情绪偏弱，煤矿累库压制价格 研究员：徐玉花 期货从业资格号F03132080 期货投资咨询从业证书号 Z0021386 目录 1、周度要点小结 2、期现市场 3、产业链情况 「 周度要点小结2」 行情回顾及展望 3 来源：瑞达期货研究院 1. 宏观方面，1-4月份，中国粗钢累计产量34535万吨，同比增长0.4%；根据发改委消息，今年城市更新专项中央预算内投资计 划将于6月底前下达；5月贷款市场报价利率（LPR）报价出炉，5年期和1年期利率均下调10个基点；4月中国钢筋产量为 1730.0万吨，同比增长5.9%；1-4月累计产量为6538.5万吨，同比下降0.9%。 2. 海外方面，特朗普宣布投千亿美元打造导弹防御系统；美国30年期国债收益率一度飙升至5.1%，逼近二十年来的高点，这表明 投资者对特朗普的减税计划表示反对，对财政赤字的担忧也开始对股市产生越来越大的压力。 3. 供需方面，短期供应弹性好于焦煤，铁水产量高位回落。利润方面，本期全国30家独立焦化厂平均吨焦亏损15 ...

Regulatory Updates - The Loan Prime Rate (LPR) was lowered for the first time in 2025, with both the 1-year and 5-year LPRs reduced by 10 basis points to 3.00% and 3.50% respectively [1] - A joint initiative by eight regulatory bodies, including the Financial Regulatory Bureau and the People's Bank of China, introduced measures to support financing for small and micro enterprises, focusing on increasing financing supply and reducing costs [2] Banking Sector Performance - In Q1 2025, the net interest margin of commercial banks narrowed to 1.43%, a decrease of 9 basis points from the previous quarter, while the non-performing loan ratio slightly increased to 1.51% [3] - A total of 18 national banks implemented a new round of deposit rate cuts, with significant reductions across various terms, including a drop in the 3-month deposit rate from 0.8% to 0.65% [4] - The A-share banking sector market capitalization surpassed 10 trillion yuan, with the China Securities Bank Index reaching a high of 7751.80 points, supported by high dividends and low valuations [5] Corporate Developments - Ping An Life announced it has acquired a 10% stake in Agricultural Bank of China H-shares, triggering a mandatory disclosure under Hong Kong regulations [6] - Shanghai Bank elected Gu Jianzhong as the chairman of its sixth board of directors [7] - Wang Ming was appointed as the deputy secretary of the Party Committee at Shanghai Rural Commercial Bank, with expectations to become the bank's president [8] - Changsha Bank completed its board of directors' election, with Zhao Xiaozhong re-elected as chairman [10] - Huaxia Bank received approval for Yang Shujian's qualifications as chairman and director [11] Legal and Compliance Issues - The former vice president of China Construction Bank, Zhang Gengsheng, was arrested on charges of bribery and illegal loan issuance, with the case currently under further investigation [12]

呈现分化演变态势 5月20日，中国人民银行授权全国银行间同业拆借中心公布，2025年5月20日贷款市场报价利率为：1年 期LPR为3%，5年期以上LPR为3.5%，两个品种LPR均较前值下调10个基点。 伴随市场动态调整，各地首套房贷款利率呈现出分化演变态势。北京、上海等一线城市的银行率先响 应。记者从北京多家银行个贷部门获悉，目前房贷利率已完成新一轮下调：新发放的首套房贷款执行 3.05%的利率标准；二套房方面，五环内商贷利率调整为3.45%，五环外商贷利率则降至3.25%。上海多 家银行也将首套房贷款利率统一调整为3.05%，主城区二套房贷款利率调至3.45%，临港、嘉定等区域 二套房贷款利率则为3.25%。 然而，并非所有城市都直接跟随LPR下调首套房贷款利率。广州、苏州、南京、合肥等城市此前首套房 贷款利率已达3%，在本次LPR下调后，通过调整加点幅度维持3%的利率底线。以广州地区为例，在 LPR下调前，部分银行首套房贷款利率执行LPR-60个基点，即3%；LPR下调后，银行将加点幅度调整 为LPR-50个基点，实际利率仍为3%，维持不变。 近期，LPR（贷款市场报价利率）下调后，不同城市房贷利率呈现 ...

Core Viewpoint - The People's Bank of China has lowered the Loan Prime Rate (LPR) by 10 basis points, with the 1-year LPR and the 5-year LPR adjusted to 3.00% and 3.50% respectively, while some cities like Guangzhou and Xiamen have adjusted their mortgage rates accordingly to maintain stability in the housing market [1][4][6]. Summary by Relevant Sections Loan Prime Rate Adjustment - The LPR was reduced by 10 basis points on May 20, with the 1-year LPR dropping from 3.10% to 3.00% and the 5-year LPR from 3.60% to 3.50% [1][4]. - This adjustment is expected to influence mortgage rates across various regions, including Guangzhou and Xiamen [1][6]. Regional Mortgage Rate Changes - In Guangzhou, the first home loan interest rate was adjusted from LPR-60 basis points to LPR-50 basis points, effectively maintaining the rate at 3% after the LPR adjustment [2][4]. - Xiamen's first home loan interest rate was also adjusted, moving from LPR-50 basis points to LPR-45 basis points, resulting in a current rate of 3.05% [6]. Industry Self-Regulation and Market Stability - The adjustment in mortgage rates is part of an industry self-regulation effort to prevent excessive competition among banks that could lead to relaxed risk controls and increased non-performing loans [1][5]. - A self-regulatory rule has been established in Guangzhou to maintain the first home loan interest rate at no lower than 3%, providing a stable expectation for the market [5][6]. Future Outlook on Mortgage Rates - Experts believe there is still room for further reductions in mortgage rates in Guangzhou, despite the current stability [7][10]. - The overall trend indicates that mortgage rates may continue to decline in response to changes in deposit rates and policy rates [10]. Market Performance Indicators - Recent data shows fluctuations in the real estate market, with new home sales in Guangzhou experiencing a decline in transaction volume, while second-hand home transactions have seen growth [9]. - The statistics indicate a mixed performance in the housing market, with new home sales down by 22% month-on-month, while second-hand home sales increased by approximately 12.97% year-on-year [9].

Group 1 - The core viewpoint of the article is that several banks in China have announced a reduction in RMB deposit rates, following a trend initiated by major state-owned banks, which is linked to the recent decrease in the Loan Prime Rate (LPR) [1][4][5] Group 2 - On May 20, six state-owned banks and several others, including China Merchants Bank and China Everbright Bank, announced a reduction in RMB deposit rates, with the adjustment range being 5 to 25 basis points [1] - Following this, on May 21, seven additional banks, including Ping An Bank and CITIC Bank, also announced similar reductions, with the new rates for demand deposits set at 0.05% and various fixed-term deposit rates adjusted accordingly [1][2] - The new fixed-term deposit rates for three months, six months, one year, two years, three years, and five years are 0.7%, 0.95%, 1.15%, 1.20%, 1.30%, and 1.35% respectively [1] - The recent LPR adjustments include a decrease in the 5-year LPR to 3.5% and the 1-year LPR to 3%, both down by 0.1% from the previous month [4] - The reduction in deposit rates is expected to lead to an overall decrease in deposit rates by approximately 0.11 to 0.13 percentage points, which may help stabilize banks' net interest margins [4][5] - As of the first quarter of 2025, the net interest margin for commercial banks was reported at 1.43%, a decrease of 0.09 percentage points, marking a historical low [5]