China's major lenders unveil measures for mortgage rate adjustment
2024-10-12
A saleswoman (right) shows a model of a newly developed residential area to a potential homebuyer in Taiyuan, Shanxi province, May 17, 2024. [Photo/VCG]
BEIJING -- China's major national commercial banks unveiled Saturday detailed measures to adjust interest rates for outstanding mortgage loans in line with the central bank's policies to stabilize the property market.
The adjustment will be implemented starting from Oct 25, 2024, according to statements of major lenders including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank.
