China announces easing policy📢
Yesterday, China announced further easing policies, lowering the minimum down payment for first and second homes to 20%/30% (-10%) respectively, and lowering the minimum mortgage rate for second homes to LPR + 20 basis points (originally LPR + 60 bps), in addition, additional support was provided to existing first home mortgage borrowers, allowing them to apply to lending banks for loan rate cuts to further support the real estate market; Chinese leadership clearly demonstrated With the intention of stimulating the economy, a series of thoughtful and targeted measures were launched in the monetary, fiscal and real estate fields.
