The People's Bank of China Chongqing Branch has released a message to implement the decisions of the Central Committee and the State Council, support urban and rural residents' rigid and diversified housing needs, promote the healthy and stable development of the real estate market. In accordance with the "Notice of the People's Bank of China and the China Banking and Insurance Regulatory Commission on Optimizing the Minimum Down Payment Ratio Policy for Individual Housing Loans" and other policies, in response to the control requirements of the Chongqing municipal government, the adjustment of Chongqing's housing credit policy is as follows: For resident families buying houses with loans, commercial personal housing loans no longer distinguish between first and second homes, with a unified minimum down payment ratio of not less than 15%. This policy will be implemented from September 30, 2024.