Two departments: The minimum down payment ratio for commercial properties (including mixed-use properties) for purchasing loans is adjusted to no less than 30%

On January 17, the People's Bank of China and the China Banking and Insurance Regulatory Commission jointly issued a notice regarding the adjustment of the minimum down payment ratio for commercial properties. The notice stated that the minimum down payment ratio for commercial properties (including "commercial and residential" properties) is adjusted to no less than 30%. The provincial branches of the People's Bank of China and the provincial offices of the China Banking and Insurance Regulatory Commission will determine the minimum down payment ratio for each city within their jurisdiction based on the control requirements of the city government, following the principle of tailored policies for different cities on top of the unified national minimum down payment ratio. This article is adapted from the official website of the People's Bank of China, Editor: Yan Wencai.