The People's Bank of China Gansu Branch announced that in order to support the rigid and diversified improvement housing needs of urban and rural residents, promote the stable and healthy development of the real estate market, the bank, together with the China Banking and Insurance Regulatory Commission Gansu Regulatory Bureau, optimizes the minimum down payment ratio policy for individual housing loans.

Starting from yesterday (1st), in all cities and prefectures of the province, for resident families who purchase homes with loans, commercial individual housing loans will no longer distinguish between first and second homes, and the minimum down payment ratio is uniformly set at not less than 15%. (ta/w)

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