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China lowers minimum mortgage down payment ratios

(Xinhua) 14:26, May 17, 2024

BEIJING, May 17 (Xinhua) -- China announced Friday that the minimum down payment ratios for individuals' commercial housing mortgages will be lowered to no less than 15 percent for first-home purchases, and 25 percent for second-home purchases, according to People's Bank of China and National Financial Regulatory Administration.

(Web editor: Zhang Kaiwei, Liang Jun)

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