HSBC China has issued an announcement on improving the adjustment mechanism of existing individual housing loan interest rate pricing. The announcement shows that for the bank's existing floating interest rate mortgage business priced based on the Loan Prime Rate (LPR), when the existing mortgage interest rate markup is higher than the average markup of new national mortgage rates in the previous quarter plus 30 basis points, customers can apply to adjust the interest rate markup. The redefined markup shall not be lower than the average markup of new national mortgage rates in the previous quarter plus 30 basis points, and shall not be lower than the lower limit of the mortgage rate markup in the city at the time of the redefinition (if any). The specific markup value is determined based on market supply and demand, customer credit conditions, changes in loan guarantees, and other factors.