On September 29, China Citic Bank Corporation announced that the bank practices the political and people-oriented nature of financial work, reduces the financing costs for residents, resolutely implements the announcement No. 11 of the People's Bank of China in 2024, actively responds to the market interest rate pricing self-discipline mechanism initiative, and promotes the batch adjustment of existing commercial individual housing loan interest rates in an orderly and legal manner. The announcement indicates that currently, China Citic Bank Corporation is actively formulating the implementation plan for batch adjustment of existing house loan interest rates, planning to release detailed operational rules on October 12, 2024, and complete the batch adjustment by October 31, 2024.