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<CN Home>Rate Cut on Existing Mortgages in CN Enforced Tdy
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The reduction in interest rates on existing mortgages in mainland China was officially enforced today (25th). According to a report in the Shanghai Securities News, most existing mortgages were adjusted in bulk today. Some small and medium-sized banks may complete the adjustment slightly later, but it is generally expected to be fully completed by the end of this month. 50 million households and 150 million people will benefit from this adjustment. On average, household interest expenses will be saved by about RMB150 billion per year. AAStocks Financial News |
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