(Beijing Comprehensive News) China has taken intensity to take measures to boost the economic and revitalization of the property market. The five major state -owned banks and a number of joint -stock banks collectively lowered the deposit interest rate on Friday (September 1) to pave the way to further reduce the loan interest rate.

In addition, after Guangzhou and Shenzhen, Shanghai and Beijing have also announced the implementation of policy measures for "recognition of houses and not recognizing loans".So far, the four major first -tier cities in China have fully implemented this new policy of loosening regulation.

According to Yangguang.com, state -owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and Construction Bank, have updated the RMB deposit interest rate sheet on the official website on Friday.To 25 basis points.

The longer the storage period, the more decreased the decline.The five -year -old deposit interest rate was reduced by 25 basis points, to 2.2%and 2.25%, respectively.

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In the joint -stock bank, Industrial Bank, CITIC Bank, Ping An Bank and other banks have lowered the time limit for the deposit interest rates involved in the deposit interest rate, which is consistent with the State Bank, but the interest rate after the decline is still slightly higher than that of the State -owned Bank of China.

The changes in deposit interest rates pave the way for more loose measures.Reuters quoted people familiar with the matter that the main state -owned bank reduced the deposit rate because the bank would reduce the existing mortgage interest rate in a short period of time to revitalize the real estate industry that was impacted by the debt crisis.

Moody's banking analyst Zhu Shuning said that the reduction of deposit interest rates will partially offset the narrowing of the net interest difference between the bank. Considering that the nearly three -quarters of the liabilities in China is the deposit, the deposit interest rate is reduced, and the deposit rate is reduced.The influence is substantial.

China has recently launched economic support policies, and local governments have also introduced the new policy of the stabilization market.Following the announcement of the implementation of the "house recognition and not recognition" policy on Wednesday (August 30) in Guangzhou and Shenzhen, Shanghai and Beijing also announced the implementation of this policy.

Under this policy, no matter whether there have been loans or not, as long as there is no real estate in the current name, you can enjoy the down payment ratio and interest rate discount on the first mortgage loan.The New Deal has significantly reduced the replacement cost of buyers and helps to promote the volume of the property market.

The People's Bank of China and the State Administration of Finance Supervision also jointly issued a document on Thursday evening to launch a number of support policies such as reducing the interest rate of the first housing loan, down payment, and lowering the lower limit of the two sets of housing interest rates.Essence

People familiar with the matter revealed that in the past few months, the Ministry of Housing and Urban -Rural Development, the central bank and financial regulatory agencies have been formulated under the guidance of the State Council.In the next few weeks, these measures will be launched one after another, including relaxation of restrictions on house purchase.

Analysis: Real estate easing measures can help restore market confidence

Wang Rui, a senior Chinese economist of Australia and New Bank, said that several real estate easing measures introduced in China in the past few weeks exceeded market expectations, which will help restore market confidence and prevent the industry from further decline.

However, the next trend of the Cirbal Garden debt crisis in China's largest private housing company will largely affect the market's confidence in the market in the real estate industry in China.

Country Garden, which is facing the crisis of the fund chain, is trying to avoid breach of contract with the rise of the financing crisis and the opposition of some creditors.challenge.The voting was scheduled to end at 10 pm on Thursday. The non -public documents submitted by Country Garden to the Shanghai Stock Exchange showed that the company delayed the last period of one day until 10 pm on Friday.