The People's Bank of China and the China Banking Regulatory Commission decided to adjust differentiated housing credit policies in stages, allowing urban governments where house prices continued to decline in the third quarter, and independently decided to maintain, lower or cancel the first new home loan of the local house in the first end of this year.The lower limit of interest rates is intended to revitalize the long -term property market.
According to the official website of the People's Bank of China on Thursday (September 29), the introduction of this policy and measureStable and healthy development.Within the scope of the local policy, banks and customers can negotiate to determine the specific level of newly issued the interest rate of the first house loan, which will help reduce residential interest expenses and better support the demand for rigid housing.
The People's Bank of China and the Bank of China Insurance Supervision and Administration Commission said in a joint notice that in order to persist in the positioning of the house, it is not used to speculate, it has fully implemented the long -term real estate mechanism.Good use of the policy tool box to better support the demand for rigid housing and promote the steady and healthy development of the real estate market. It is decided to adjust differentiated housing credit policies in accordance with the relevant deployment of the State Council.
The notification is clear that this policy is aimed at the cities that have continued to decline year -on -year and decreased from June to August 2022 to the year -on -month and year -on -year decline.The interest rate of sexual personal housing loans.The lower limit of the two sets of housing commercial personal housing loan interest rate policy is implemented in accordance with the current regulations.
The notification is also clear that in accordance with the principle of "policy of the city", the urban government, which meets the above conditions, can independently determine the staged maintenance, lowering or canceling the local first housing commercial business in accordance with the changes and regulation requirements of the local real estate market situation and regulation requirements.The interest rate of sexual personal housing loans, and the People's Bank of China and the Banking Insurance Regulatory Commission sent institutions to guide the provincial market interest rate pricing and self -discipline mechanism to cooperate.
The Chinese property market has fallen into a downturn since last year. Since July this year, "the tide of loan stop" has broke out in many places, and the traditional "Golden Nine Silver Ten" season in the real estate market has not been significantly improved.
Earlier, the China Banking and Insurance Regulatory Commission jointly established a special borrowing of "insurance transit" with the People's Bank of China to actively promote the support of the support of the "preservation of transportation and stable people's livelihood".The city paid the first special borrowing of the "Insurance Transfer Building" in the country and supported the Liaoning Provincial "Insurance Transfer Building" project.
The People's Bank of China also emphasized at the quarterly regular meeting of the Monetary Policy Committee on September 23 that it is necessary to promote the "insurance delivery" special borrowing to speed up the landing and use it.Financing support, maintaining the legitimate rights and interests of housing consumers, supporting rigid and improving housing demand, and promoting the steady and healthy development of the real estate market.
