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<CN Home>CN Lowers Min. Down Payment Ratio for Commercial Property Loans to No Less Than 30%
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The People's Bank of China (PBOC) and the National Financial Regulatory Administration (NFRA) issued a notice stating that the minimum down payment ratio for commercial property (including "commercial-residential dual-use properties") loans will be adjusted to no less than 30%, compared to the previous ratio of 50%, in a bid to adapt to new changes in the supply and demand relationship of the mainland real estate market and support the construction of a new real estate development model. The notice indicated that provincial branches of the PBOC and provincial agencies of the NFRA will determine the minimum down payment ratio limits for cities within their jurisdictions based on local government regulatory requirements, following the principle of city-specific policies, on the basis of the national unified minimum down payment ratio. AASTOCKS Financial News Website: www.aastocks.com |
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