People's Bank of China and China Banking Regulatory Commission, Circular on Strengthening the Credit Management for Commercial Real Property

中国人民银行、中国银行业监督管理委员会关于加强商业性房地产信贷管理的通知

Mortgage rate for purchase of a second set of residential premises raised.

3 minute readNovember 02, 2007 at 12:58 AM
By
clpstaff
& clp articles

Issued: September 27 2007

Main Contents: Commercial banks may not grant loans to real property projects in which the ratio of the project capital (owner¡¦s equity) is less than 35%

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