Core Viewpoint - The People's Bank of China has initiated a pilot program to clearly disclose the comprehensive financing costs of corporate loans, enhancing transparency and reducing financing costs for enterprises [1][5][6] Group 1: Pilot Program Implementation - The pilot program started in September 2024 in five provinces and has expanded to cover most provinces in China [1] - The program involves banks and enterprises filling out a "Loan Clarity Sheet" that details all financing costs, ensuring that enterprises understand their total financing expenses upfront [2][5] Group 2: Impact on Financing Costs - The program aims to lower the overall financing costs for enterprises, particularly for small and medium-sized enterprises (SMEs) [3][5] - Interest rates for new corporate loans have decreased significantly, with the average rate around 3.2% as of July 2025, down approximately 45 basis points from the previous year [2][3] Group 3: Transparency and Trust - The "Loan Clarity Sheet" reduces information asymmetry, allowing enterprises to clearly see all costs associated with loans, including interest and non-interest expenses [2][5] - By providing a detailed breakdown of costs, the program helps enterprises avoid hidden fees and potential scams from intermediaries [4][5] Group 4: Broader Financial Environment - The pilot program is part of a broader effort by the People's Bank of China to create a favorable financing environment for high-quality economic development [6] - The initiative is expected to enhance the trust between banks and enterprises, leading to better financial services and cooperation [5][6]

为促进企业贷款综合融资成本更加公开透明，保障企业知情权，进一步推动降低综合融资成本。中国人 民银行福建省分行启动明示企业贷款综合融资成本工作，长乐农商银行积极响应，推动企业贷款综合融 资成本更加公开透明，全方位引导降低企业贷款综合融资成本。 企业贷款综合融资成本包含哪些？ 在贷款前，银行会和企业一起填写《企业贷款综合融资成本清单》(贷款明白纸)，详细列出企业需承担 的贷款利息和各项非利息支出，将散落的各项成本费用归集到一起，并计算出每项费用的年化费率，让 企业看得明明白白。 什么是"贷款明白纸"？ "贷款明白纸"是企业在办理贷款过程中，与银行共同填写的一份清单，即《企业贷款综合融资成本清 单》。清单内不仅列明贷款利息，更清楚地列明担保费、保险费、评估费、质押监管费、抵质押登记 费、公证费等涉及到的各项非利息费用，让企业对各项融资费用做到心中有数。 企业贷款综合融资成本一般包括利息成本和非利息成本两部分，其中利息成本已在贷款合同或协议文本 中明示，非利息成本则主要包括抵押担保费、质押监管费、过桥或应急转贷费、中介服务费，以及银团 贷款费、贸易融资手续费等，其中涉及到的收费主体不止银行，还有担保公司、中介公司、第 ...

Core Insights - The introduction of the "Loan Clarity Paper" aims to enhance transparency in the financing costs for enterprises, addressing the hidden fees associated with loans, such as guarantee fees and intermediary fees [1][2] - The People's Bank of China has initiated a pilot program in Sichuan province to standardize the disclosure of comprehensive financing costs, which is expected to reduce the overall financing burden on small and medium-sized enterprises (SMEs) [1][2] Group 1 - The "Loan Clarity Paper" provides a detailed breakdown of all financing costs, allowing businesses to understand their total borrowing costs better [1] - The pilot program has seen participation from over 200 banks and more than 1,000 branches in Sichuan, serving over 20,000 enterprises and involving amounts exceeding 200 billion [2] - The initiative has led to tangible benefits for businesses, such as reduced interest rates and waived fees, exemplified by a case where a company saved over 50,000 in interest payments [2] Group 2 - The program has increased trust among clients, reducing concerns about hidden fees and encouraging more businesses to seek loans [2] - The People's Bank of China plans to continue promoting the pilot program and work with relevant departments to regulate non-interest costs and eliminate unreasonable charges [2]

Core Points - The People's Bank of China Suining Branch has initiated a pilot program to clarify comprehensive financing costs for enterprises, focusing on transparency and service precision [1][2] - The program aims to help small and micro enterprises understand the breakdown of financing costs, including interest and non-interest fees, through a detailed cost list [2][3] - Training sessions for bank staff have been conducted to enhance understanding and communication of financing costs to clients, resulting in increased customer trust and satisfaction [3] Summary by Sections Pilot Implementation - The pilot program was officially launched in March 2025, targeting small and private enterprises, with 17 banks and 463 branches in Suining participating [2] - A comprehensive financing cost list is provided to clients, detailing all associated fees, which has improved their understanding of total financing costs [2] Clear Guidance - The initiative has led to a significant increase in customer trust and satisfaction, as all fees are now clearly outlined [3] - Over 40 training sessions have been held for bank employees, with more than 800 staff trained to effectively communicate the financing cost structure to clients [3] Service Optimization - The program has resulted in banks covering certain fees for clients, leading to direct financial benefits, such as a client saving over 2000 yuan on a loan application [4] - Since the pilot's launch, banks have waived 181,400 yuan in fees for clients who filled out the financing cost list, with the average interest rate for new loans to small enterprises in May 2025 being 3.88%, a decrease of 0.33 percentage points year-on-year [4]