Ping An Bank Co.,Ltd. has successfully completed its first corporate floating-rate RMB loan benchmarked against the DR rate in Xi'an, Shaanxi Province, marking a significant step in aligning with the industry-wide shift from a single benchmark to a diversified rate system.
This milestone transaction not only underscores the bank's innovative breakthrough in interest rate marketization reform but also demonstrates its commitment to channeling financial "living water" precisely into "little giant" high-tech enterprises, embodying both "Ping An Speed" and "technology-driven warmth" in serving the real economy.
DR-Linked Pricing Enhances Financing Cost Sensitivity
The loan, issued by Ping An Bank's Xi'an branch, was directed to a private "little giant" high-tech enterprise in the city, with a principal amount of RMB 15 million and a one-year tenure. Following market-oriented principles, the benchmark rate was determined using the DR001 rate from the day prior to disbursement.
DR, or the depository repo rate, is a market-based rate formed through interbank pledged repo transactions. It accurately reflects liquidity conditions within the banking system and the tightness of market funds. Key variants include the overnight rate (DR001) and the seven-day rate (DR007).
By linking loan rates to DR, corporate financing costs become more responsive and agile to shifts in market liquidity. This enables the bank to better cater to the differentiated financing needs of diverse market participants, allowing enterprises to tangibly benefit from the dividends of interest rate marketization reform.
Global Pioneer in Well-Logging Instruments Demonstrates 'Hard Tech' Prowess
The borrowing enterprise is a leader in the domestic "oil well-logging instruments" segment, ranking among the top in China for complete well-logging equipment and technical services. As both a high-tech and "little giant" enterprise, it holds 16 domestic and 21 international patents, integrating R&D, production, sales, and services for oil well-logging instruments.
Renowned for exceptional reliability, its products have earned high acclaim internationally. The company has successfully broken foreign monopolies, achieving a "zero-to-one" breakthrough in internationalizing Chinese well-logging instruments. Its products have not only entered the mainstream U.S. market but are also exported to Canada, Austria, Kuwait, Iraq, the UAE, and Kazakhstan, reflecting world-class technical expertise. Domestically, it maintains long-term partnerships with leading central state-owned enterprises in the petroleum sector, with business scale growing steadily year over year.
Science-Tech PRO Empowers Comprehensive Service Delivery
This transaction also falls under Ping An Bank's "Science-Tech PRO" loan program. In September 2025, the client received its initial RMB 10 million Science-Tech loan from Ping An Bank, with an efficient, fully digital end-to-end process delivering a superior experience and strengthening cooperation ties.
In August 2026, Ping An Bank upgraded its Science-Tech loan model with the launch of "Science-Tech PRO," paving the way for credit limit expansions for existing quality clients. Seizing the dual opportunity of the client's growing capital needs and the bank's enhanced product framework, the head office and branch collaborated to devise a lending plan and increase the client's credit facility.
Furthermore, building on the deepening partnership, Ping An Bank plans to extend its services to the client's overseas operations, customizing and optimizing comprehensive financial solutions to fully support its evolving needs.
Looking ahead, under the guidance of the People's Bank of China, Ping An Bank will continue to nurture the DR benchmark lending market and promote financial literacy across its branches. It remains dedicated to actively participating in building a diversified benchmark rate system and delivering the "five key financial articles," using more precise and efficient financial services to support high-quality real economy growth.
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