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editor of every economic report: du yu

according to cctv news on september 24, the state council information office held a press conference this morning, and the main leaders of the people's bank of china, the financial regulatory bureau, and the china securities regulatory commission introduced the relevant situation of financial support for high-quality economic development. a number of major policies were launched at the same time to increase the intensity of monetary policy regulation and further support economic steady growth.

image source: daily economic news (data map)

the main person in charge of the people's bank of china introduced that in terms of housing loans, the interest rates of existing housing loans will be lowered and the minimum down payment ratio for housing loans will be unified.specifically:

guide commercial banks to lower the interest rates on existing mortgage loans to near the interest rates on new loans.the average decline is expected to be around 0.5 percentage points.

the national minimum down payment ratio for second home loans will be lowered from 25% to 15%, and the minimum down payment ratio for first and second home loans will be unified.

pan gongsheng, governor of the people’s bank of china, said:the expected average reduction in the interest rate on existing mortgage loans is 0.5 percentage points, which is expected to benefit 50 million households and 150 million people, and reduce household interest expenses by about 150 billion yuan on average each year.

according to china.com, pan gongsheng said that the central bank's funding support ratio for the 300 billion yuan affordable housing re-loan created by the people's bank of china in may will be increased from 60% to 100%, enhancing market-oriented incentives for banks and acquisition entities.