In response to the initiative issued by the market interest rate pricing self-discipline mechanism on September 29, the six major state-owned commercial banks have all issued announcements, announcing the relevant arrangements for adjusting the existing housing loan interest rates. ICBC, ABC, BOC, CCB, BCM and the postal savings bank of china stated that they are actively and orderly advancing the batch adjustment of existing commercial individual housing loan interest rates in compliance with the law, planning to announce specific operational matters on October 12, 2024, and implement batch adjustments to existing housing loan interest rates by October 31, 2024. (Xinhua News Agency)