2023-09-01 02:05:22
The People’s Bank of China and the State Administration of Financial Supervision and Administration issued a notice last night (August 31), deciding to adjust and optimize the differentiated housing credit policy, and unify the minimum down payment ratio for the first house at no less than 20%, and the minimum down payment ratio for the second house at Not less than 30%. The lower limit of the first-home loan interest rate policy is implemented in accordance with the current regulations, and the lower limit of the second-home loan is adjusted to not be lower than the market quotation rate (LPR) of the corresponding term plus 20 basis points.
The People’s Bank of China decided this morning (September 1) to lower the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points from September 15, that is, the foreign exchange deposit reserve ratio will be lowered from the current 6% to 4%. The offshore renminbi rose once morest the U.S. dollar in the short term, recovering the 7.25 mark, up regarding 270 points within the day. The central parity rate of RMB was raised by 23 points to 7.1788. The People’s Bank of China conducted a 101 billion yuan (the same below) 7-day reverse repurchase operation today, and the winning bid rate remained unchanged at 1.8%. Net withdrawal of 120 billion yuan in a single day today. The three major A-share indexes opened higher. The Shanghai Composite Index opened at 3,126 points, up 6 points or 0.2%.
The Shenzhen Component Index opened at 10,449 points, up 31 points or 0.3%. ChiNext Index opened at 2,108 points, up 5 points or 0.3%. China-funded financial stock ICBC (601398.SH) opened lower by 0.7%. China Construction Bank (601939.SH) opened 0.3% higher.
Mainland property stocks rebounded. Vanke (000002.SZ), Gemdale (600383.SH) and Poly Development (600048.SH) opened 1.7% to 2.8% higher. BYD (002594.SZ) opened 1.4% higher. CATL (300750.SZ) opened nearly flat.
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