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.

cls.cnOct 14 07:29 ET

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%.

Zhitong FinanceOct 13 21:37 ET

Dongfeng Honda has fallen by more than 50% for three consecutive months. Japanese brands hope to leverage the recovery of rbob gasoline vehicles to counter the rebound in the fourth quarter.

1. china Association of Automobile Manufacturers released data showing that in September, the domestic sales volume of passenger vehicles was 2.068 million units, an increase of 18.6% month-on-month, a decrease of 1.8% year-on-year; 2. In September, Honda's cumulative sales of terminal automobiles in China were 62,586 units, up 9.88% month-on-month, and down 42.93% year-on-year.

cls.cnOct 12 05:23 ET

Confirmed! The six major banks will collectively adjust the existing housing loan interest rates on October 25th. There are cases where the highest interest saved can reach 0.14 million yuan. These situations require manual application.

①In peking, shanghai, shenzhen and other areas, the first home loan rates higher than LPR-30BP and all existing home loan rates higher than LPR-30BP will be uniformly adjusted to LPR-30BP. ②In peking, shanghai, shenzhen and other areas, the second home loan rates higher than the corresponding policy floor will be uniformly adjusted to the local corresponding policy floor.

cls.cnOct 11 23:27 ET

The four major banks announced: there will be a bulk adjustment of existing home loan interest rates on October 25.

This morning, industrial and commercial bank of china, agricultural bank of china, bank of china, and china construction bank all issued announcements regarding the bulk adjustment of existing individual housing loan rates.

cls.cnOct 11 20:54 ET

Following the adjustment by major banks, minsheng bank and agricultural bank have also set the daily transfer limit for bond custody at 0.01 million yuan. What impact does this have?

① Agricultural Bank announced that the transfer of bond securities for individual investors under Zhai Shibao is not affected by any transfer limits. ② Following Minsheng Bank, this is the second bank in the recent period to adjust the transfer out limits for bond transfer business. From public information, Agricultural Bank is also the first state-owned major bank to make adjustments. ③ Currently, institutions are the main participants in the bond market, with individual investors holding a very limited market share and influence.

cls.cnOct 11 01:21 ET