央行：将商业用房购房贷款最低首付比例下调至30%，支持推动商办房地产市场去库存

Core Viewpoint - The People's Bank of China (PBOC) is set to implement a moderately accommodative monetary policy until 2026, focusing on supporting the high-quality development of the real economy through various structural monetary policy measures [1] Group 1: Monetary Policy Adjustments - The PBOC will lower the interest rates of various structural monetary policy tools by 0.25 percentage points, with the one-year re-lending rate decreasing from 1.5% to 1.25% [3] - The PBOC will merge the quotas for agricultural and small enterprise re-lending and re-discounting, increasing the agricultural and small enterprise re-lending quota by 500 billion yuan, with a separate quota of 1 trillion yuan designated for private enterprises [3] - The quota for re-lending aimed at technological innovation and technological transformation will be increased from 800 billion yuan to 1.2 trillion yuan, expanding support to high R&D investment private small and medium-sized enterprises [3] Group 2: Support for Specific Sectors - A combined risk-sharing tool for bonds of technological innovation and private enterprises will be established, providing a total re-lending quota of 200 billion yuan [3] - The PBOC will expand the support areas for carbon reduction tools to include energy-saving renovations and green upgrades, guiding banks to support comprehensive green transitions [4] - The support areas for service consumption and elderly care re-lending will be expanded to include the health industry, based on health industry recognition standards [4] Group 3: Real Estate and Financial Services - The minimum down payment ratio for commercial property loans will be reduced to 30% in collaboration with the financial regulatory authority, aimed at promoting inventory reduction in the commercial real estate market [4] - Financial institutions are encouraged to enhance their foreign exchange risk management services, providing enterprises with cost-effective and flexible foreign exchange risk management tools [4]