Notice of the People's Bank of China and the China Banking Regulatory Commission on Adjusting the Minimum Down Payment Ratio for Commercial Property Purchase Loans

To implement the decisions and arrangements of the Party Central Committee and the State Council, adapt to the new changes in the supply and demand relationship of China's real estate market, and support the construction of a new model of real estate development, the relevant matters regarding the policy of commercial property purchase loans are notified as follows: The minimum down payment ratio for commercial property purchase loans is adjusted to not less than 30%. The provincial branches of the People's Bank of China and the provincial-level agencies of the China Banking and Insurance Regulatory Commission will autonomously determine the minimum down payment ratio lower limit for each city in their jurisdiction in accordance with the control requirements of the local city governments, based on the principle of different policies for different cities, on the basis of the unified national minimum down payment ratio.