Several banks, including Industrial and Commercial Bank of China (ICBC) and Construction Bank of China (CCB), have issued announcements to adjust the interest rates for existing first-time housing loans
On the evening of August 31st, Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank, Postal Savings Bank of China, and others announced the adjustment of interest rates for existing first-time housing loans.
Details:
Announcement of Industrial and Commercial Bank of China on Adjusting the Interest Rate of Existing First Home Loans
Dear Industrial and Commercial Bank of China customer:
In order to implement the decisions and deployments of the Central Committee of the Communist Party of China and the State Council, and effectively play the role of finance in serving the real economy, supporting the recovery and expansion of consumption, and ensuring and improving people's livelihoods, our bank is conscientiously implementing the requirements of the Notice of the People's Bank of China and the State Administration of Financial Supervision and Administration on Matters Related to Lowering the Interest Rate of Existing First Home Loans, and is actively and orderly promoting the adjustment of interest rates of existing personal housing loans in accordance with the law.
Our bank will provide convenient services through online and offline channels in accordance with the principles of marketization and rule of law, and carry out interest rate adjustment work in accordance with the law and regulations. Follow up specific operation guidelines and related matters will be announced through ICBC's official website, outlets, WeChat official account and other channels. Please pay attention.
This announcement is hereby made.
Thank you for your long-term strong support to our bank!
![Several banks, including Industrial and Commercial Bank of China (ICBC) and Construction Bank of China (CCB), have issued announcements to adjust the interest rates for existing first-time housing loans](https://a5qu.com/upload/images/57e94742632d0f07864de1633b2034cd.png)
Industrial and Commercial Bank of China Limited
August 31, 2023
Announcement of China Construction Bank on Reducing the Interest Rate of Existing First Home Loans
Dear Customer of China Construction Bank:
In order to implement the decisions and deployments of the Central Committee of the Communist Party of China and the State Council, adhere to the positioning that houses are for living, not for speculation, and reflect the responsibility of state-owned banks, our bank will actively implement the requirements of the Notice of the People's Bank of China and the State Administration of Financial Supervision on Reducing the Interest Rate of Commercial Personal Housing Loans for Existing First Homes, and promote the work of reducing the interest rate of commercial personal housing loans for existing first homes in an orderly manner in accordance with the law.
Our bank will provide efficient and convenient online and offline services in accordance with the principles of marketization and rule of law. In accordance with the provisions of the notice, we will do a good job in reducing the interest rate of commercial personal housing loans for first-time housing in stock, and effectively play the role of finance in supporting the recovery and expansion of consumption, ensuring and improving people's livelihoods.
Under the guidance of relevant departments, our bank will promptly formulate specific operational rules and carry out interest rate adjustment work as soon as possible. Follow up progress information will be announced on our official website, WeChat official account, outlets and other channels in a timely manner. Please pay attention.
This announcement is hereby made.
![Several banks, including Industrial and Commercial Bank of China (ICBC) and Construction Bank of China (CCB), have issued announcements to adjust the interest rates for existing first-time housing loans](https://a5qu.com/upload/images/23ff451fe5b4b8059380fe921dc2f050.png)
Thank you for your long-term strong support to our bank!
China Construction Bank Corporation Limited
August 31, 2023
Announcement of Agricultural Bank of China on Adjusting the Interest Rate of Existing First Home Loans
Dear Agricultural Bank of China customer:
In order to implement the decisions and deployments of the Central Committee of the Communist Party of China and the State Council, and effectively play the role of financial institutions in serving the real economy, ensuring and improving people's livelihoods, our bank, under the guidance of relevant departments, is actively preparing for the adjustment of interest rates for first-time personal housing loans in accordance with the law and in an orderly manner.
Our bank will provide convenient services through online and offline channels in accordance with the principles of marketization and rule of law, and carry out interest rate adjustment work in accordance with the law and regulations. For further details, we will announce relevant information on the official website of Agricultural Bank of China, WeChat official account, outlets, 95599 and other channels. Please pay attention.
This announcement is hereby made.
![Several banks, including Industrial and Commercial Bank of China (ICBC) and Construction Bank of China (CCB), have issued announcements to adjust the interest rates for existing first-time housing loans](https://a5qu.com/upload/images/250ef08f215130b5d3a481a84fce9c3c.png)
Thank you for your strong support to our bank all along!
Agricultural Bank of China Limited
August 31, 2023
Announcement of China Merchants Bank on Reducing the Interest Rate of Existing First Home Loans
Dear customer of China Merchants Bank
In order to implement the decisions and deployments of the Central Committee of the Communist Party of China and the State Council, and effectively play the role of financial institutions in serving the real economy, ensuring and improving people's livelihoods, our bank will actively implement the requirements of the Notice of the People's Bank of China and the State Administration of Financial Supervision on Matters Related to Lowering the Interest Rate of Commercial Personal Housing Loans for Existing First Homes, and promote the work of reducing the interest rate of commercial personal housing loans for existing first homes in an orderly manner in accordance with the law.
Our bank will provide efficient and convenient online and offline services in accordance with the principles of marketization and rule of law. In accordance with the provisions of the notice, we will do a good job in reducing the interest rate of commercial personal housing loans for first-time housing in stock, and effectively play the role of finance in supporting the recovery and expansion of consumption, ensuring and improving people's livelihoods.
Under the guidance of relevant departments, our bank is working hard to formulate specific operational rules and carry out interest rate adjustment work as soon as possible. Subsequent progress information will be promptly announced on our official website, mobile banking, branches and other channels. Please pay attention.
![Several banks, including Industrial and Commercial Bank of China (ICBC) and Construction Bank of China (CCB), have issued announcements to adjust the interest rates for existing first-time housing loans](https://a5qu.com/upload/images/b09933946fca2449f728e9bee294ed8e.png)
This announcement is hereby made.
Thank you for your continued understanding and support of our bank!
China Merchants Bank Company Limited
August 31, 2023
Announcement of China Postal Savings Bank on Adjusting the Interest Rate of Existing First Home Loans
Dear Customer of China Postal Savings Bank:
In order to implement the decisions and deployments of the Central Committee of the Communist Party of China and the State Council, and better meet the rigid and improved housing needs of customers, our bank is actively promoting the preparation work for adjusting the interest rate of commercial personal housing loans for the first existing housing under the guidance of relevant departments.
Our bank has been working hard to develop operational rules and will provide customers with convenient online and offline multi-channel services in accordance with the principles of marketization and rule of law, effectively leveraging the role of financial institutions in promoting consumption and improving people's livelihoods.
![Several banks, including Industrial and Commercial Bank of China (ICBC) and Construction Bank of China (CCB), have issued announcements to adjust the interest rates for existing first-time housing loans](https://a5qu.com/upload/images/b9ea1f44590036cb6c12418d5f0743a7.png)
We will announce the specific follow-up matters on the official website and branches of China Postal Savings Bank. Please pay attention.
This announcement is hereby made.
Thank you for your strong support to our bank all along!
China Postal Savings Bank Co., Ltd
August 31, 2023