2015-09-30

China Wants A Bigger Credit Bubble, Probably Won't Get It: Down Payments Cut to 25%

Nasdaq: China Lowers Down-Payment Rates for Buyers of First Homes in Most Cities
The People's Bank of China said Wednesday it cut the minimum down payment required from first-time home buyers to 25% from the previous 30%. The cut applies in all but a handful of the largest cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, where demand remains strong and which impose restrictions on second or subsequent homes to suppress price increases.

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