It is reported that some banks have cancelled the full penalty interest and adopted the balance penalty interest, such as Shanghai Pudong Development Bank and Agricultural Bank.

However, the full penalty interest has not been cancelled, but the Supreme People's Court recently released a draft for comments, in which the court intends to support the full penalty interest for the balance penalty interest, and the deadline for comments is June 30, 20 18.

In other words, the full penalty interest has not been cancelled yet, but it does not mean that it will not be cancelled in the future. Many people support the cancellation of the full penalty interest. Personally, I think it is still very likely to be cancelled. We will wait and see when the results will be announced.