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China's major national commercial banks announce plans for mortgage rate adjustment
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.
September30,2024
China to cut mortgage rates for existing home loans
China will lower mortgage rates on existing home loans to a level similar to those of newly issued housing loans, Pan Gongsheng, governor of the People's Bank of China, said on Tuesday.
September24,2024
China allows cities to set lower limit on first-home mortgage rates
China will put in place a dynamic mechanism for first-home mortgage rates, allowing cities to adjust the lower limit for the rate based on the trend of their property prices, the country's financial authorities said Thursday.
January06,2023
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