Express News | The Hong Kong Association of Banks announced a monthly interest settlement rate of 4.49816% for HKD on May 29, compared to 4.50726% on the previous trading day.

Breakings11:47

In the property market, Shenzhen has taken action too! The down payment ratio has been reduced across the board and implemented from tomorrow

The minimum down payment ratio for personal housing loans for the first home was adjusted from 30% to 20%, and the minimum down payment ratio for personal housing loans for the second home was adjusted from 40% to 30%.

Securities TimesMay 28 21:26

Follow-up on Guangzhou's package of policies! Loan interest rates and down payment ratios are in line with second-tier cities, and the “three suite” loan policies liberalize first-tier cities and highlight the “one city, one policy” orientation

On May 28, Guangzhou issued the “Notice on Further Promoting the Stable and Healthy Development of Our Real Estate Market”, which optimizes various aspects such as purchase restrictions, credit, provident funds, and housing collection and storage. Meanwhile, the Guangdong branch of the central bank has also made further adjustments to Guangzhou's differentiated housing credit policy.

cls.cnMay 28 20:44

More than ten days after the release of Hefei's “5.15 New Deal”, several local banks confirmed that interest rates for two-home loans that meet the standards can be converted to the first package

More than ten days after Hefei issued the new policy on May 15 to qualify the first home in units of counties (cities), districts, and development zones. Today, a Financial Services Association reporter learned from the individual loan departments of several banks in Hefei that can apply for a mortgage interest rate change to the first package (stock interest rate) for two existing homes that meet the first set of standards. However, some stock bank lenders said that there is currently no relevant policy to transfer the existing two homes to the first one.

cls.cnMay 28 19:33

The property market is heavy! Guangzhou relays out, with 15% down payment for the first set and 25% for the second set. There is no minimum interest rate!

After Shanghai, Guangzhou also took action.

Securities TimesMay 28 18:53

China Real Estate Association: The only way out for real estate is to dare and work hard to build a good house

Chen Yiming, vice president and secretary general of the China Real Estate Association, proposed at the meeting that real estate has already entered a stage of deep adjustment, and that the only way out is to try to be brave and work hard to build a good house.

cls.cnMay 28 11:38