[People's Bank of China: Interest rates for corporate loans and personal housing loans decreased year-on-year in September] The People's Bank of China released the Q3 2025 China Monetary Policy Implementation Report. Data shows that as of the end of September, the stock of social financing and the broad money supply (M2) increased by 8.7% and 8.4% year-on-year, respectively, with the balance of RMB loans reaching 270.4 trillion yuan. The interest rates for newly issued corporate loans and personal housing loans in September decreased by approximately 40 basis points and 25 basis points year-on-year, respectively, with continued optimization of the credit structure. The RMB exchange rate remained generally stable, with the central parity rate of the RMB against the US dollar appreciating by 1.2% compared to the end of the previous year as of the end of September.

The bitcoin miner expands financing to accelerate power and data center growth, joining a record surge in convertible debt issuance across bitcoin and AI firms.

[The People's Bank of China to Improve Loan Prime Rate Mechanism] The People's Bank of China stated that it will continue to reform and improve the Loan Prime Rate (LPR) mechanism, focusing on enhancing the quality of LPR quotations to better reflect the actual loan market interest rate levels.

The open interest contracts in the past 7 days have decreased by 11.32%, indicating that the market is eliminating speculative risks. Similar situations in history are usually a precursor to market recovery. （CryptoQuant）

[The People's Bank of China Emphasizes Implementation of Moderately Loose Monetary Policy] The People's Bank of China stated that it will implement a moderately loose monetary policy and strengthen the execution and transmission of monetary policy.