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Trending Stocks Today: AUTOSTREETS Surges 82.8%
Shenzhen Real Estate Association: 2,316 second-hand houses were traded in the 41st week of Shenzhen, with a week-on-week growth of 650%.
According to statistics from the Shenzhen Real Estate Intermediary Association, Shenzhen's second-hand housing (including self-service) recorded 2,316 units, a month-on-month increase of 649.5%. Among them, the inventory of second-hand houses continues to increase, with multiple banks announcing that the interest rates for existing house loans will be uniformly reduced to LPR-30BP.
Express News | Major Banks Will Be Guided by Central Bank’s Interest Rate Self-Disciplinary Mechanism to Lower Rates on Number of Deposit Products - Bloomberg News
The wave of adjustments in existing home loan interest rates has expanded to rural banks and private banks, and the downward trend of LPR will further drive down mortgage rates.
On October 14th, hundreds of rural banks across the country issued announcements on the adjustment of existing individual housing loan interest rates, with some private banks and foreign banks following suit in the past two days. As a result, the participation in the adjustment of existing mortgage rates has basically expanded to all domestic commercial banks; Different banks have different requirements for overdue loans and non-performing loans; Several experts believe that there is still room for reduction in the LPR, which will further drive down future mortgage rates.
Trending Stocks Today: ABC up 4.5%
Sudden movements: China mainland banking sector collectively opens higher, the Ministry of Finance will issue special national bonds to support large state-owned banks in replenishing core capital, further enhancing the sector's certainty.
On October 14th, china mainland banking (LIST1239.HK) opened higher as a whole. As of the press release, industrial and commercial bank of china (01398.HK) rose by 4.07% to 4.86 Hong Kong dollars; agricultural bank of china (01288.HK) rose by 3.24% to 3.98 Hong Kong dollars; cm bank (03968.HK) rose by 3.51% to 41.25 Hong Kong dollars; bank of china (03988.HK) rose by 3.47% to 3.88 Hong Kong dollars; china construction bank corporation (00939.HK) rose by 3.16%.
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