The People's Bank of China and the China Banking and Insurance Regulatory Commission issued a notice on optimizing the minimum down payment ratio policy for personal housing loans. For resident families purchasing housing through loans, the minimum down payment ratio for commercial personal housing loans is unified at no less than 15%, no longer distinguishing between first-time and second-time home buyers.

Based on the unified national minimum down payment ratio, the provincial branches of the People's Bank of China and the dispatched institutions of the China Banking and Insurance Regulatory Commission follow the policy of tailoring measures to local conditions. They autonomously determine whether to set different minimum down payment ratio policies based on the control requirements of each city government in their jurisdiction, and ascertain the lower limit of the minimum down payment ratio for each city within their jurisdiction.