24 September 2024
The People’s Bank of China and the State Financial Regulatory Administration (“the authorities”) issued the “Notice in relation to Optimizing the Policy for the Minimum Down Payment Ratio of Individual Housing Loans” (“the Notice”) on 24 September 2024. The authorities proposed that the minimum down payment ratio for residential property purchased by households shall not be lower than 15% nationwide. The Notice shall be effective from 24 September 2024.