China Lowers Mortgage Rates and Down Payment Percentage

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BEIJING, August 31 (TiPost) -- On Thursday evening, the People's Bank of China and the National Administration of Financial Regulation jointly issued two documents, namely the "Notice on Matters Related to Reducing the Interest Rate of Existing First Home Loans" and the "Notice on Adjusting and Optimizing Differentiated Housing Credit Policies."The key takeaways of the two notices are as follows:Regarding the "Notice