The Ministry of Finance announced the implementation of an interest rate discount policy for residents' home purchase loans. Interest rate discount funds are disbursed using the “prepayment+settlement” method. Provincial finance departments connect with provincial branches of national banks, local corporate bank heads, private bank headquarters, and domestic headquarters of foreign banks to establish a “provincial-to-province” working mechanism to shorten the work chain and efficiently carry out various tasks such as advance allocation, review, settlement, and liquidation of interest rate discount funds. If the managing bank does not have a provincial branch, the headquarters is connected to the provincial finance department of the place of registration. In the first month after the introduction of the policy and before the end of January of each year, the administrative bank submits an application for interest rate discount funds for the current year to the local provincial finance department. Provincial finance departments summarize and report to the Ministry of Finance the second month after the policy was introduced and submitted to the Ministry of Finance by the managing banks and provincial banks before the end of February every year. According to the annual budget schedule, the Ministry of Finance pre-allocates central financial interest rate discount funds to provincial finance departments, and provincial finance departments organize local interest rate discount fund guarantees. Based on the implementation of the policy, the Ministry of Finance, the provincial finance department, and the provincial finance department and the provincial bank that managed the bank separately settled the interest rate discount funds. After the interest rate discount period expires, the financial department clears the interest rate discount funds with the managing bank.

The Ministry of Finance announced the implementation of an interest rate discount policy for residents' home purchase loans. Interest rate discount funds are disbursed using the “prepayment+settlement” method. Provincial finance departments connect with provincial branches of national banks, local corporate bank heads, private bank headquarters, and domestic headquarters of foreign banks to establish a “provincial-to-province” working mechanism to shorten the work chain and efficiently carry out various tasks such as advance allocation, review, settlement, and liquidation of interest rate discount funds. If the managing bank does not have a provincial branch, the headquarters is connected to the provincial finance department of the place of registration. In the first month after the introduction of the policy and before the end of January of each year, the administrative bank submits an application for interest rate discount funds for the current year to the local provincial finance department. Provincial finance departments summarize and report to the Ministry of Finance the second month after the policy was introduced and submitted to the Ministry of Finance by the managing banks and provincial banks before the end of February every year. According to the annual budget schedule, the Ministry of Finance pre-allocates central financial interest rate discount funds to provincial finance departments, and provincial finance departments organize local interest rate discount fund guarantees. Based on the implementation of the policy, the Ministry of Finance, the provincial finance department, and the provincial finance department and the provincial bank that managed the bank separately settled the interest rate discount funds. After the interest rate discount period expires, the financial department clears the interest rate discount funds with the managing bank.