Several Chinese cities relax rules on borrowing from Provident Fund to boost sluggish housing market

 

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Many Chinese cities, mostly lower-tier ones, are taking measures to make it easier for home buyers to borrow from the Housing Provident Fund, in a move to support the sluggish housing market.

Beihai city, in southwestern China's Guangxi Zhuang Autonomous Region, said it will lower the minimum downpayment required for those who buy second homes with loans from the Housing Provident Fund to 40% from 60%, according to a notice issued by the . . .

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