Off the wire
• Trading on Hong Kong Stock Exchange  • Venus Williams into Wuhan Open quarterfinal  • EU gives Mali 10 mln euros to promote food security  • Gold price closes down in Hong Kong  • Record rail passengers expected during National Day holidays  • Foreign exchange rates in Hong Kong  • Urgent: China lowers down payment requirement for first home buyers  • 1st LD Writethru: Russian upper house grants Putin right to send troops to Syria  • Roundup: Hong Kong stocks close 1.41 pct higher  • Ecuadorian foreign minister to visit China  
You are here: 　 Home

1st LD: China lowers down payment requirement for first home buyers

Xinhua, September 30, 2015 Adjust font size:

Chinese authorities on Wednesday cut the minimum down payments for first home buyers borrowing from commercial banks in cities without implementing house purchase quota policy.

The minimum down payments will be reduced to 25 percent of the value, down from the current 30 percent, the People's Bank of China and China Banking Regulatory Commission said in a joint statement. Endi