摘要
The People’s Bank of China,the country’s central bank,and the China Banking and Insurance Regulatory Commission jointly issued a notice on January 5,allowing local governments to implement differentiated credit policies suited to their local circumstances.The notice states policies such as setting city-specific down payment ratios or mortgage rate floors.Cities that see prices for newly built homes drop for three months straight may temporarily maintain,revise down or even cancel abovementioned floors for first-time home buyers.
