[People's Bank of China: Promoting the Transformation of Loan Interest Rate Pricing Benchmark from a Single Reference to the Loan Prime Rate (LPR) to a More Diversified Benchmark] On November 11th, Jinshi Data reported that the People's Bank of China stated that it will leverage the market interest rate pricing self-regulatory mechanism, strengthen the implementation and supervision of interest rate policies, promote the transformation of loan interest rate pricing benchmarks from a single reference to the Loan Prime Rate (LPR) to a more diversified benchmark, continuously deepen the work of clearly disclosing the comprehensive financing costs of corporate loans, reduce intermediary financing fees, and promote the low operation of overall social financing costs.