On October 23, Li Nan, Deputy Director of the Finance Department of the Ministry of Finance, answered questions from the Securities Times reporter at the Ministry of Finance press conference. Li Nan said that the interest rate discount policy for residential home purchase loans is the first time that the central government has implemented interest rates on commercial personal housing loans. This policy will be implemented nationwide on October 1. After the policy was issued, the Ministry of Finance immediately guided all regions to speed up implementation. Judging from the operating situation, the policy has been implemented smoothly, and the results are beginning to show. According to reports from the managing bank, during this period, many families saw houses and applied for loans, and it was widely believed that the interest rate discount policy actually reduced the burden of monthly payments.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.