The Information Office of the State Council held a press conference this morning, at which the principal responsible persons of the People's Bank of China, the State Administration of Financial Supervision and the China Securities Regulatory Commission briefed on the situation of financial support for high-quality economic development. A number of blockbuster policies were launched at the same time to increase the intensity of monetary policy regulation and further support steady economic growth.
The main person in charge of the People's Bank of China introduced that in terms of housing loans, the interest rate of existing housing loans will be reduced and the minimum down payment ratio of housing loans will be unified. Specifically:
- Commercial banks will be guided to reduce the interest rate of existing housing loans to around the interest rate of new housing loans, and the average decline is expected to be about 0.5 percentage points.
- The minimum down payment ratio for second home loans at the national level will be lowered from 25% to 15%, and the minimum down payment ratio for first and second home loans will be unified.
Edit | Deng Xiao
Editor-in-charge | Huang Yangmin source | CCTV News Chengdu release
