Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's major national commercial banks announce plans for mortgage rate adjustment

September 30, 2024


Abstract : China's six major national commercial banks have announced plans to adjust mortgage rates for existing home loans in line with the central bank's policies to stabilize the property market.

BEIJING, Sept. 30 (Xinhua) -- China's six major national commercial banks have announced plans to adjust mortgage rates for existing home loans in line with the central bank's policies to stabilize the property market.

Detailed measures of the adjustment of mortgage rates for existing home loans will be released on Oct. 12, 2024, according to statements of the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China.

The statements noted that the adjustment will be implemented by Oct. 31, 2024.

China's central bank on Sunday requested commercial banks to lower mortgage rates for existing home loans as the country aims to lower financial burdens on property owners.

The mortgage rates for first homes, second homes and more are required to be reduced no lower than 30 basis points below the loan prime rate by Oct. 31, 2024.

Scan the QR code and push it to your mobile phone

Keyword: commercial banks mortgage rates

Reading:

China-ASEAN commercial arbitration cooperation center inaugurated

China unveils raft of measures to stabilize property market

Malawi starts 2nd phase of China-aided satellite TV project

Roundup: German, Chinese rail transit firms express enthusiasm for collaboration

China-Azerbaijan trade surges over 21 pct in Jan.-July

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial