There have recently been new price signals in the notes market. Since July, some institutions have been required to avoid carrying out rediscount services with prices below 0.5%, and rediscount interest rates for treasury stock bank notes have moved closer to 0.5%. Simply put, rediscount is the price of a note bought and sold between banks. Once this price is “held in,” the ultra-low interest rate that companies can get when they go to the bank to exchange money in advance will also be affected. Interviewees believe that 0.5% is becoming a phased reference line for the current bill rediscount market. For enterprises, this is not an overall rise in discount interest rates; rather, some previous prices that were too low may be pulled back, and the room for discount interest rates to continue to fall is limited. Industry insiders said that the main purpose of this move is to reduce banks' behavior of buying tickets at low prices to rush the scale of credit, and to guide the bill business back to real financing needs.

There have recently been new price signals in the notes market. Since July, some institutions have been required to avoid carrying out rediscount services with prices below 0.5%, and rediscount interest rates for treasury stock bank notes have moved closer to 0.5%. Simply put, rediscount is the price of a note bought and sold between banks. Once this price is “held in,” the ultra-low interest rate that companies can get when they go to the bank to exchange money in advance will also be affected. Interviewees believe that 0.5% is becoming a phased reference line for the current bill rediscount market. For enterprises, this is not an overall rise in discount interest rates; rather, some previous prices that were too low may be pulled back, and the room for discount interest rates to continue to fall is limited. Industry insiders said that the main purpose of this move is to reduce banks' behavior of buying tickets at low prices to rush the scale of credit, and to guide the bill business back to real financing needs.