"LPR quoting banks are comprised of 18 banks. The quoting banks will submit their quotes with 0.05 percentage points as step length, to the National Interbank Funding Center (NIFC). The NIFC will calculate the arithmetic average of rates after excluding the highest and lowest ones, and find its nearest integral multiple of 0.05% to be the LPR, which will then be published at 9:30 a.m. on the same day.
Currently, the LPR consists of rates with two maturities, i.e. one year and over five years." -NIFC
"PBoC announced a further reform of the Loan Prime Rate (LPR) in August 2019, re-benchmarking the LPR on the basis of one-year medium-term lending facility or MLF rate (previously on the basis of benchmark lending rate).“ -UOB Group
CN-Loan Prime Rate 1Y2022-073.70%
CN-Loan Prime Rate 5Y2022-074.45%
CN MLF interest rate-1Y2022-082.75%