please contact sales@tanchin.hk for any inquiry
The new LPR (Loan Market Quotation Rate) mechanism of the Central Bank of China has added more than five-year varieties in order to provide reference for the pricing of long-term loan interest rates such as housing loans issued by banks. Although the initial offer rate of 4.85% is lower than the benchmark lending rate of the same period, which is a historical low, Liu Guoqiang, deputy governor of the Central Bank, made it clear Tuesday that the growth of housing loans will not expand and the interest rate of housing loans will not fall, and will issue a policy announcement on personal housing loan interest rate in the near future.
He also pointed out that the key point of interest rate marketization is to reduce the financing cost of real economy. For the real estate market, we should resolutely implement the principle of "no speculation in housing". The interest rate of housing loan should be changed from reference benchmark interest rate to reference LPR, but the final level of loan interest rate should be basically stable.
"Specific how to operate, in a few days the central bank will issue an announcement on the interest rate policy of personal housing loans. Some details are still under investigation and will be clarified after the investigation. But one thing is for sure, the interest rate on the mortgage will not fall. He said that we should ensure the effective implementation of differentiated housing credit policy and keep the interest rate of individual housing loans basically stable.
Reuters was informed that after the central bank announced at the weekend that the interest rate of loans should refer to LPR, several banks issued emergency advance notices that individual mortgage loan contracts and interest rate issuing agencies were in the process of drafting, and that all individual mortgage loan businesses that had completed pre-mortgage registration were issued at the contractual interest rate on August 19; receipts were temporary. All individual mortgage loan businesses without pre-mortgage registration shall be suspended until the central bank announces the interest rate of the loan market.
"We are not sure how to fix the price, but we must use LPR as a reference standard. The smooth transition is estimated to be no less than the previous rise or preferential margin on the basis of the benchmark interest rate, and we are still waiting for guidance from the central bank." A city business president told Reuters.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

6012-2RS1 6012 16012 61912-2RZ 61912-2RS1 61912 61812-2RZ 61812-2RS1 61812 RMS 18 RLS 18 6411 62311-2RS1 6311-Z 6311-RS1 6311-2Z 6311-2RS1 6311 62211-2RS1 6211-Z