[Pan Gongsheng: Promote the Reform of Loan Interest Rate Pricing Benchmark, Transitioning from Solely Referencing the Loan Prime Rate (LPR) to More Diversified Pricing Benchmarks] At the opening ceremony of the 2026 Financial Street Forum Annual Conference, Pan Gongsheng, Governor of the People's Bank of China, stated that efforts will be made to promote the reform of loan interest rate pricing benchmarks, transitioning from the relatively singular practice of referencing the Loan Prime Rate (LPR) to more diversified pricing benchmarks. In the future, as diversified loan pricing benchmarks are continuously improved, some financially strong enterprises may, after negotiation with financial institutions, independently choose the interbank overnight repo rate or the Loan Prime Rate as the benchmark for floating-rate loan pricing. The Loan Prime Rate can continue to serve as the pricing benchmark for small businesses and personal loans. For bonds and financial derivatives, the interbank overnight repo rate can also be considered as an option for the pricing benchmark. The People's Bank of China will issue policy guidelines at an appropriate time to guide financial institutions in carrying out related work. At the same time, it will continue to reform and improve the Loan Prime Rate quotation mechanism to enhance the quality of quotations.