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

November 02, 2007 | BY

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

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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%