[The loan interest rate for stock repurchases and holdings is expected to be reduced to 1.6%] On November 2, the relevant regulatory authorities held a symposium and proposed that the re-loan interest rate for stock repurchases and holdings be reduced from 1.25% to 1%; financial institutions adhere to the principles of market-based pricing, reasonably add points to the re-loan interest rates and increase loan offerings. "Financial institutions will add points on top of the latest interest rates for stock repurchases, holdings, and re-lending, and the interest rates are expected to drop to 1.6%." On November 2, a person from a major state-owned bank told Caijing. Another person from a national joint-stock bank also confirmed the above statement to Caijing. The person said that financial institutions should reasonably determine loan conditions and bear their own risks. After taking risk costs and other factors into consideration, the interest rate for the best customers is roughly reduced to around 1.6%. (Financial magazine)