20-11  Nominal Interest Rates on Loans of Financial Institutions
						(annual interest rate %)
Item	1997.10.23	1998.3.25	1998.7.1	1998.12.7	1999.6.10	2002.2.21	2004.10.29
	Oct. 23,1997	Mar. 25,1998	Jul. 1, 1998	Dec. 7, 1998	Jun. 10,1999	Feb.21,2002	Oct. 29,2004
Shor-term
6 Months	7.65①	7.02①	6.57②	6.12②	5.58③	5.04③	5.22
1 Year	8.64①	7.92①	6.93②	6.39②	5.85③	5.31③	5.58
Medium-and Long- term
3 Years or Less	9.36	9.00	7.11②	6.66②	5.94③	5.49③	5.76
5 Years or Less	9.90	9.72	7.65②	7.2②	6.03③	5.58③	5.85
More than 5 Years	10.53	10.35	8.01②	7.56②	6.21③	5.76③	6.12
a)① The lending rate could be 10% higher or 10% lower than nominal interest rates;for rural credit cooperatives, the lending rate could be 40%
higher or 10% lower than nominal interest rates.
b)② As of November 1998, the lending rate for small-sized enterprises could be 20% higher than nominal interest rates, and the lending rate for
medium and large-sized enterprises could be 10% higher than nominal interest rates. For all financial institutions, the lending rate could be 10%
lower than nominal interest rates, while, for rural credit cooperatives, the lending rate could be 50% higher than nominal interest rates.
c)③ As of September 1999, the lending rate for medium and small-sized enterprises could be 30% higher than nominal interest rates; for large-sized
enterprises, the lending rate could be as much as 10% higher than nominal interest rates. For all financial institutions,the lending rate could be 10%
lower than nominal interest rates.