The People’s Bank of China Shanghai Head Office and branches of provinces, autonomous regions, municipalities directly under the Central Government, and cities specifically designated in the state plan; policy banks, state-owned commercial banks, the Postal Savings Bank of China, and joint-stock commercial banks:
The People’s Bank of China has decided to lower the interest rates on personal housing provident fund loans by 0.25 percentage points as of May 18, 2024. The interest rates on personal housing provident fund loans with maturities of five years or less and those with maturities above five years will be adjusted to 2.35 percent and 2.85 percent, respectively, for first-home buyers, and to 2.775 percent and 3.325 percent, respectively, for second-home buyers.
The People’s Bank of China
May 17, 2024
