Shandong: Cumulative Disclosure of 5.1 Trillion Yuan in Comprehensive Corporate Loan Financing Costs Achieved by End of June

According to information released at a press conference held by the Shandong Provincial Government Information Office on July 24th (reported by Xinhua Finance, reporter Jia Yunpeng), as of the end of June 2026, financial institutions in Shandong Province had completed the transparent disclosure of comprehensive financing costs for 1.37 million corporate loans, totaling 5.1 trillion yuan. This initiative covers all cities and various types of banking institutions within the province. The disclosed comprehensive loan financing costs decreased by 0.48 percentage points year-on-year.

Disclosing the comprehensive financing cost of corporate loans is a crucial measure to clearly show all interest and various non-interest expenses associated with corporate loans. This safeguards the financial consumers' right to know and promotes the reduction of overall corporate financing costs. Li Yunshan, Deputy Governor of the Shandong Branch of the People's Bank of China, explained that Shandong is encouraging financial institutions to integrate this disclosure work into their loan processing workflows. The province is also conducting extensive policy training and interpretation, guiding institutions to develop detailed business operation rules to advance the standardization and normalization of the disclosure process.

"By disclosing the comprehensive financing costs of corporate loans, we have achieved a win-win situation: increased transparency in corporate financing costs, reduced burdens on enterprises, and improved adaptability of financial services," Li Yunshan stated. This has helped keep corporate financing costs at a low level. In June of this year, the weighted average interest rate on newly issued corporate loans in Shandong Province was 3.49%, a decrease of 0.09 percentage points year-on-year.

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