Real Property
People's Bank of China and China Banking Regulatory Commission, Circular on Issues Relevant to Further Improving the Differential Loan Policies on Residential Premises
中国人民银行、中国银行业监督管理委员会关于进一步完善差别化住房信贷政策有关问题的通知
The Circular lowers the minimum down payment percentage for loans for first-time purchase of ordinary residential premises in cities not subject to housing purchase restrictions from 30% to 25%
Further reading
Circular on Revising the Percentage of the Minimum Down Payment When Purchasing Residential Premises with a Personal Housing Loan from the Housing Reserve
Circular on Issues Relevant to Improving the Differential Loan Policies on Residential Premises
Circular on Continuing to Duly Regulate and Control the Real Property Market
Circular on Issues Relevant to Improving the Regulation and Control of the Real Property Market
Free Trade Zones
Shanghai Head Office of the People's Bank of China, Operational Guidelines for Domestic Issuers of Cross-border Interbank Certificates of Deposit of the China (Shanghai) Pilot Free Trade Zone
中国人民银行上海总部中国(上海)自贸试验区跨境同业存单境内发行人操作指引
Shanghai FTZ cross-border interbank certificates of deposit are generally denominated in renminbi, however, if there is a genuine need, certificates of deposit denominated in a foreign currency may be offered.
Legislation roundup: Residential loans, Shanghai FTZ and customs
The down payment for first-time housing loans has been lowered, the Shanghai FTZ has allowed interbank deposit certificates in foreign currency and the State Council have put bonded zones under customs watch
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