Does it stimulate the rise of housing prices?, Early Reading | Intensive Implementation of New Policies on Housing Loans

Release time:Apr 16, 2024 00:33 AM

Good morning The morning reading of the news is here! On Friday, September 1, 2023, the 17th day of the seventh lunar month, Shanghai will be cloudy with temperatures ranging from 23 to 29 ℃

Focus on Today

Will the intensive implementation of new mortgage policies stimulate the rise of housing prices?

On August 30th, Guangzhou and Shenzhen successively announced the implementation of the policy of "housing recognition without loan recognition". After the Ministry of Housing and Urban Rural Development and other three departments issued relevant notices, the policy of "housing recognition without loan recognition" was quickly implemented in two first tier cities.

On August 31, the People's Bank of China and the State Administration of Financial Supervision and Administration issued a notice to guide both parties to adjust and optimize their assets and liabilities in an orderly manner for commercial personal housing loans, and to reduce the interest rate of commercial personal housing loans for existing first homes.

According to the notice, starting from September 25, 2023, borrowers of commercial personal housing loans for the first existing housing can apply to financial institutions to issue new loans to replace the commercial personal housing loans for the first existing housing or negotiate a change in the interest rate level agreed upon in the contract. The interest rate level of newly issued loans or modified loan contracts shall be determined through independent negotiation between financial institutions and borrowers, but the margin of increase in the quoted interest rate in the loan market shall not be lower than the lower limit of the commercial personal housing loan interest rate policy for the first housing in the city where the original loan was issued.

On the same day, the above two departments also issued a notice to adjust and optimize the current differentiated housing credit policy, unifying the lower limit of the minimum down payment ratio policy for commercial personal housing loans nationwide. According to the notice, for residential families who purchase commercial housing with loans, the minimum down payment ratio for commercial personal housing loans for their first home is uniformly not less than 20%, and the minimum down payment ratio for commercial personal housing loans for their second home is uniformly not less than 30%. The lower limit of the interest rate policy for the second housing will be adjusted to not less than the market quoted interest rate for the corresponding term loan plus 20 basis points.

The two departments stated that each region can independently determine the minimum down payment ratio and lower interest rate for the first and second homes in its jurisdiction based on the principle of implementing policies according to the city and the local real estate market situation and regulatory needs.

Industry insiders say that the policy of "buying a house without buying a loan" will lower the threshold for purchasing a house, which will drive some consumer demand. However, the current situation will not stimulate housing prices to enter a cycle of rising again. Currently, this optimization policy can further play a positive role in stabilizing expectations, but it will not bring about a significant rebound in housing prices.

§ Reading newspapers

This year's first "billion dollar building" is also Jinhong Bridge!

At the Changning District special press conference on the theme of "High quality Development in Shencheng" held yesterday, the reporter learned that as of July this year, the tax revenue of Jinhongqiao International Center has exceeded 10 billion yuan, making it the first tax revenue building in the city to reach 10 billion yuan since last year.

See today's Liberation Daily 1st edition for details

What I am seeking is not self understanding, but understanding China

Bilingual Interview with Sinologist Beidanning in the "World Vision Chinese Stories" Series.

See today's Liberation Daily 9th edition for details

§Shencheng

"Good cross-strait relations are a bonus to Taiwanese businessmen."

From August 29th to August 31st, the Taipei City delegation arrived in Shanghai to participate in the Twin Cities Forum and visited many places in Shanghai to experience the development of the city in person. Before taking the flight back to Taipei, Taipei Mayor Jiang Wan'an still had some regrets. Although the itinerary was very fulfilling, there were too many places he wanted to visit. It seems he needs to stay until the next time to get to know Shanghai better.

For details, please refer to>>

Further Accelerating the Expansion and Improvement of Basic Education in Shanghai

In the new academic year, 32 new primary and secondary schools will be opened in Shanghai to expand the supply of high-quality educational resources; We will launch the second round of the Public Junior High School Strengthening Project, focusing on improving the educational level of 79 public junior high schools; Fully launch and implement project-based learning, focusing on cultivating students' creative problem-solving abilities

For details, please refer to>>

The buildings in Xihongqiao Business District are growing out of knots

Yesterday, 30 key projects were concentrated in the buildings of Xihongqiao Business District, with a total area of over 100000 square meters. The industries involved include artificial intelligence, biopharmaceuticals, high-end equipment, exhibition and trade, green energy and other key areas

For details, please refer to>>

※ Shencheng SMS

① The construction of the third themed hotel in Shanghai Disney Resort | See details>>

② The double tunneling of the Chongming Line's north-south cross river shield tunneling has exceeded 1000 meters | See details>>

③ More than 5400 talent apartments in Changning will be released one after another | See details>>

Does it stimulate the rise of housing prices?, Early Reading | Intensive Implementation of New Policies on Housing Loans

④ Fudan University releases its first "Cultural Calendar" | For details, please refer to>>

⑤ Pre sale of "Super Long Golden Week" tickets at Shanghai Long Distance Bus Station | Please refer to>>

§domestic

Families of "one elderly and one young" welcome the dividend of tax reduction again

Starting from January 1, 2023, the special additional deduction standard for the care of infants and young children under 3 years old will be increased from 1000 yuan per month to 2000 yuan per infant; The standard for special additional deductions for children's education has been increased from 1000 yuan per month to 2000 yuan per child; The special additional deduction standard for supporting the elderly has been increased from 2000 yuan per month to 3000 yuan

For details, please refer to>>

China's manned lunar landing mission will be launched before 2030

From now until 24:00 on September 30th, we will publicly solicit the names of the new generation of manned spacecraft and manned lunar landers. According to the plan, China will achieve the first Chinese landing on the moon before 2030, and carry out lunar scientific research and related technological experiments.

※ Domestic SMS

① The "the Belt and Road" International Cooperation Summit Forum was held in October

② China and Nicaragua officially sign a free trade agreement

③ China's manufacturing PMI rose to 49.7% in August

④ The Central Meteorological Observatory upgraded and issued a red typhoon warning

⑤ Announcement of the list of valid candidates for the additional election of academicians of the Chinese Academy of Sciences and the Chinese Academy of Sciences | See details>>

§International

Mo is expected to welcome her first female president

On August 30th, the opposition coalition in Mexico basically confirmed the nomination of female Senator Sochiter Galvez as the presidential candidate. Given that the ruling party is expected to nominate Claudia Hinbaum, the former female mayor of the capital Mexico City, for election, public opinion expects that the June presidential election next year may become a showdown between women.

Hurricane paralyzes Florida power supply

Hurricane "Idalia" landed and transited from the coast of the Gulf of Mexico in the northwest of Florida on August 30 with heavy rain and wind, causing more than 560000 users in the state to lose power, and then moved to the southeast of Georgia and gradually weakened. Idalia made landfall on Keaton Beach in the Greater Bend area of Florida with a Category 3 hurricane intensity, with maximum sustained winds approaching 201 kilometers per hour. The relevant departments are evaluating the damage situation in the severely affected areas.

Conduct tactical nuclear strike training in Korea

On August 31st, Korean Central News Agency reported that the North Korean People's Army conducted simulated tactical nuclear strike training on the evening of the 30th, in response to the joint military exercise between the United States and South Korea with the participation of US strategic bombers.

※ International SMS

① The US economic growth rate in the second quarter has been revised down to 2.1%

② The United Nations Secretary General condemns Gabon's "coup attempt"

③ Japanese Minamata Disease Victim Group Calls for Immediate Stop of Nuclear Polluted Water Discharge into the Sea

④ The EU's imports of liquefied natural gas from Russia have increased significantly this year

⑤ A new type of "droplet battery" is expected to be used in micro bio integrated devices

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【

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Economics

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Regional situation

Shanghai Charity Foundation Successfully Issued First Electronic Donation Receipt Community | Activity | Shanghai Charity Foundation Carry out normalized social theater performance activities, and the "hometown of drama" Songjiang Xinbang will resume stage and social theater | Drama | Songjiang Xinbang How to promote and replicate the "near rail model"? Changfeng Xincun Street Building Party Building 4.0 Model | Building Committee | Jintie The largest single scale near zero energy consumption building in Shanghai will be built, and the construction area of the first batch of "Jiabao Smart Bay" in Jiading New City will start | plot | first batch Jing'an creates "one park, one theme", and the art exhibition "Painting Life and Coloring" opens at Jing'an Sculpture Park to experience | Art | Jing'an The highlights of the Xuhui exhibition area at the first Carbon Expo are frequent, including waste plastic recycling and environmental protection roads, Shanghai's first near zero carbon community, low-carbon | green | community

Viewpoint

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Vision

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