The Shanghai headquarters of the People's Bank of China, branches in various provinces, autonomous regions, municipalities directly under the Central Government and planned separate municipalities; policy banks, state-owned commercial banks, postal savings banks of China, and various joint stock commercial banks:

The People's Bank of China decided that starting from May 18, 2024, interest rates on personal housing provident fund loans will be lowered by 0.25 percentage points, the interest rates for the first set of personal housing provident fund loans under 5 years (including 5 years) and 5 years or more will be adjusted to 2.35% and 2.85% respectively, and the interest rates for second personal housing provident fund loans under 5 years (including 5 years) and above will be adjusted to no less than 2.775% and 3.325%, respectively.

People's Bank of China

May 17, 2024