China Merchants Bank issued an announcement on adjusting interest rates on existing personal housing loans, stating that it has responded positively to the self-regulatory mechanism initiative and is carrying out preparations to adjust interest rates on existing commercial personal housing loans in an orderly manner in accordance with the law. The Bank will provide convenient services through multiple channels in accordance with the principles of marketization and rule of law, and carry out stock mortgage interest rate adjustments in accordance with the law. It plans to issue specific operating rules on October 12, 2024, and complete the batch adjustment of stock mortgage interest rates by October 31, 2024.

China Merchants Bank issued an announcement on adjusting interest rates on existing personal housing loans, stating that it has responded positively to the self-regulatory mechanism initiative and is carrying out preparations to adjust interest rates on existing commercial personal housing loans in an orderly manner in accordance with the law. The Bank will provide convenient services through multiple channels in accordance with the principles of marketization and rule of law, and carry out stock mortgage interest rate adjustments in accordance with the law. It plans to issue specific operating rules on October 12, 2024, and complete the batch adjustment of stock mortgage interest rates by October 31, 2024.