Feng Huang Wang·2025-09-12 05:51Core Viewpoint - The recent policy changes in Shenzhen's real estate market have prompted multiple banks to adjust their housing loan interest rate mechanisms, eliminating the distinction between first and second home loans, and allowing for dynamic adjustments in existing loans [1][2][4]. Group 1: Policy Changes - Shenzhen banks, including ICBC and CCB, announced that they will no longer differentiate between first and second home loans for commercial personal housing loans [2][3]. - The specific interest rates for each customer will be determined based on the Shenzhen market interest rate pricing self-discipline mechanism, along with the bank's operational status and customer risk profile [2][3]. Group 2: Impact on Existing Loans - The new policy will benefit existing loan customers, particularly those with second home loans, as some may see a decrease in their interest rates [4][6]. - ICBC indicated that from September 12, eligible customers can apply for adjustments to their loan interest rates if their existing rates exceed the average new loan rates by 30 basis points [4][5][6]. Group 3: Industry Response - Other banks, such as SPDB and Shanghai Bank, have issued similar announcements regarding the adjustment of housing loan interest rates in line with the new policy [3][4]. - The response from banks may be slightly delayed due to the complexity of their credit systems, which require time for technical adjustments following sudden policy changes [3][6]. Group 4: Future Outlook - Industry insiders suggest that there may still be room for further reductions in housing loan interest rates in the future, considering various factors [7].