Recently, the central bank and the China Banking and Insurance Regulatory Commission announced that for households who borrow money to buy ordinary self owned houses, the lower limit of the interest rate of commercial personal housing loans for the first set of houses is adjusted to not less than the quoted interest rate in the loan market of the corresponding period by 20 basis points.
Tang Zhehui, the managing partner of anyong Greater China real estate industry, told Shanghai Securities News that for the banking industry, although the housing loan interest rate has been reduced, the overall personal loan interest rate is still higher than the weighted average interest rate of general loans. Compared with general enterprise loans, the repayment risk of personal housing loans is lower and the assets are relatively high-quality. The accelerated issuance of personal loans is conducive to improving the overall asset quality of the banking industry, Therefore, the new deal is actually good for the banking industry.
