People’s Bank of China dep. governor:
On existing mortgage rate cuts
- most stock of existing mortgage
loans interest rates will be adjusted October 25 - Accounts for 90% of
existing mortgages
On lowering minimum down payment ratios:
- Have observed market
confidence and sales as a result
On real estate development
loans:
- Will be extended
until end of 2026
Over the weekend banks in China confirmed mortgage rate cuts:
This article was written by Eamonn Sheridan at www.forexlive.com. Source