In the News: Mortgage Rates Lowered; SZSE ABS Credit Protection Certificate; and Public Fund Manager Regulation

May 24, 2022 | BY

Hugo Yeung

PBOC lowers first-home buyer interest rates by 0.2%; Shenzhen establishes China's first ABS credit protection certificate; CSRC promulates prescriptive rules on public fund managers

Credit: Zhou Li/Adobe Stock

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First-home mortgage rates lowered

On May 15, the People's Bank of China (PBOC) and China's Banking and Insurance Regulatory Commission (CBIRC) jointly released a circular (关于调整差别化住房信贷政策有关问题的通知), effectively cutting interest rates on home loans f

or first-time home buyers.

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