In August, the new loan interest rates issued by enterprises remain at historically low levels.

Data released by the People's Bank of China showed that in August, the weighted average interest rate for new loans to enterprises was around 3.1%, slightly lower than the previous month and about 40 basis points lower than the same period last year. The weighted average interest rate for new loans for personal housing was also around 3.1%, approximately 25 basis points lower than the same period last year, both of which are at historical lows.