I learned from banks such as Industrial and Commercial Bank, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications, and Postbank, that various banks issued announcements today stating that they will respond positively and strictly implement the spirit and related requirements of the “Notice on Implementing the Residential Home Purchase Loan Interest Rate Discount Policy” issued by the Ministry of Finance, the People's Bank of China, and the General Administration of Financial Supervision, to promote interest rate reduction work on commercial personal housing loans in accordance with the law and help more people live comfortably. A number of banks made it clear in the announcement that starting from October 1, 2026, they will optimize processing procedures, simplify procedures, and provide financial interest rate discount services for issuing new eligible commercial personal housing loans for the first housing unit.

I learned from banks such as Industrial and Commercial Bank, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications, and Postbank, that various banks issued announcements today stating that they will respond positively and strictly implement the spirit and related requirements of the “Notice on Implementing the Residential Home Purchase Loan Interest Rate Discount Policy” issued by the Ministry of Finance, the People's Bank of China, and the General Administration of Financial Supervision, to promote interest rate reduction work on commercial personal housing loans in accordance with the law and help more people live comfortably. A number of banks made it clear in the announcement that starting from October 1, 2026, they will optimize processing procedures, simplify procedures, and provide financial interest rate discount services for issuing new eligible commercial personal housing loans for the first housing unit.