People's Bank of China Shanghai headquarters: the weighted average interest rate of new corporate loans issued in Shanghai in April fell to an all-time low of 3.57%.

The weighted average interest rate of new corporate loans issued by the people's Bank of China in Shanghai fell to an all-time low of 3.57 percent in April. Sun Hui, deputy director of the Shanghai headquarters of the people's Bank of China, said at a news conference of the Shanghai Municipal people's Government today that from January to April this year, new loans in the Shanghai area totaled 371.4 billion yuan, an increase of more than 100 billion yuan over the same period last year. In terms of financing costs, Sun Hui said, "the weighted average interest rate of new corporate loans issued in Shanghai in April was 3.57%, down 16 basis points from a year earlier, the lowest level in history and one of the lowest in the country." (Xu Chuan, reporter of the Financial Associated Press)