Press "Enter" to skip to content

Shanghai unexpectedly set first-time mortgage rate lower than benchmark


The city of Shanghai has allowed banks to keep mortgage rates for first-time buyers in the city below the new reference rate for banks' lending, the loan prime rate, to avoid raising the repayment burden on homebuyers resulting from an overhaul of the interest-rate system.

The city set the floor mortgage rate at 4.65 per cent . . .

To continue reading, please subscribe. You will get


  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 


FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In