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What does it mean that the financing cost has increased by 300bp on the basis of the previous year?
BP is the abbreviation of base point, which is usually called base point in Chinese, and refers to one percent of a percentage point, that is, one ten thousandth, 0.01%; It is usually more common in the expressions of macroeconomics and financial industries.

The financing cost increased by 300bp compared with the previous year, that is, the benchmark interest rate increased by 300 basis points, which means that the benchmark interest rate increased by 3.00% compared with the previous year.

Tips: The above information is for reference only.

Reply time: 202 1-08-3 1. Please refer to the latest business changes announced by Ping An Bank in official website.

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