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6 CN Major Banks Implement Home Purchase Loan Interest Subsidy Policy
2026-09-30 16:15:45 China's Ministry of Finance, the People's Bank of China and the National Financial Regulatory Administration jointly issued a notice yesterday (September 29), clarifying that the home purchase loan interest subsidy policy for residents will be implemented starting tomorrow (October 1), with the policy period initially set at one year. ICBC (01398.HK), ABC (01288.HK), BANK OF CHINA (03988.HK), CCB (00939.HK), BANKCOMM (03328.HK) and PSBC (01658.HK) issued announcements regarding the implementation of the home purchase loan interest subsidy policy for residents, according to CCTV News. The six large state-owned commercial banks all stated that they are actively advancing the interest subsidy program for commercial individual housing loans, optimizing processing procedures, simplifying application formalities, and providing interest subsidy services to customers meeting policy requirements. The six major banks also reminded that banks will not charge any fees during the handling of commercial individual housing loan interest subsidy services, and consumers should guard against fraudulent activities conducted by criminals under the pretext of processing such services. ~ AASTOCKS Financial News Website: www.aastocks.com | |