China's benchmark lending rates were unchanged in October 2026: 3.0% for the one-year loan prime rate and 3.5% for the five-year rate that most mortgages are priced from.
The loan prime rate (LPR) is published monthly. According to reports on October 20, 2026, the one-year LPR stayed at 3.0% and the five-year LPR at 3.5%. Several outlets described it as the 17th consecutive month without a change.
Mortgage rates in China are set with reference to the five-year LPR, so an unchanged LPR generally means unchanged rates for new mortgages, although banks and cities can set their own spreads.
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- Futu News: China's one-year LPR in October 2026 stood at 3.0%
- FX.co: China holds 5-year loan prime rate at 3.50% in October
- Business News Malaysia: China holds loan prime rates for 17th month
FangScout summarizes public reports and official announcements for readers outside China. It is not legal, tax or investment advice. Get the weekly briefing →
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