前不久中国银行发布了 近期贷款市场报价利率（LPR） 还是和之前的一样保持不变 那么时候问题来了 商贷和公贷（公积金贷款）之间的差额有多少？ 小编今天带大家了解一下 贷款利率 ✅商业贷款利率 中国人民银行授权全国银行间同业拆借中心公布，2025年11月20日贷款市场报价利率（LPR）为：1年期LPR为3.0%，5年期以上LPR为3.5%。以上LPR 在下一次发布LPR之前有效。 ✅公积金贷款利率 首套房：5年以下2.1%，5年以上2.6%； 二套房：5年以下2.525%，5年以上3.075%。 注：多子女家庭（含成年及未成年子女≥2人）使用公积金贷款购买第二套商品住房，公积金贷款利率按首套执行 ✅商贷和公积金贷款的差额 其实看利率并不是很明显，小编今天给大家举个具体的例子，让大家更加清楚地明白公贷和商贷的区别。 假设你贷款100w买你人生的第一套房子，分360期还贷（也就是30年） ①商业贷款 此时如果你选择商业贷款，按照3.5%的利率算，你期间总共需要缴纳大约61.6w的利息， ②公积金贷款 如果你选择公积金贷款，按照2.6%的利率算，你期间总共需要缴纳大约44.1w的利息 所以有贷款买房计划的小伙伴 一定 ...

Core Viewpoint - The new "Commercial to Public Loan" policy in Hainan introduces a "Direct Transfer with Mortgage" option, aimed at reducing borrowers' interest burdens and enhancing the accessibility and benefits of the housing provident fund system [1][2]. Group 1: Policy Changes - The "Commercial to Public Loan" will now have two processing methods: "Direct Transfer with Mortgage" and "Self-Funded Settlement" [1]. - The "Direct Transfer with Mortgage" allows loan funds to be directly transferred to the original commercial loan bank after approval, while the "Self-Funded Settlement" requires borrowers to first pay off their original loans before applying for the public loan [1]. Group 2: Loan Limits and Eligibility - The loan amount for "Commercial to Public Loan" is determined by the lowest value among four criteria: the maximum public loan limit, the remaining principal of the original commercial loan, the calculated loan amount based on repayment ability, and 60% of the housing price indicated on the VAT invoice [2]. - The policy now covers a wider range of housing purchases, including new self-occupied homes, second-hand homes, affordable housing, and relocation housing [2]. Group 3: Application Process and Funding Mechanism - Applications for "Commercial to Public Loan" can be submitted through the "Haiyi Ban" app, the Hainan government service website, or at local housing provident fund service centers [2]. - The "Commercial to Public Loan" is linked to the individual loan rate; when it reaches 95%, a monthly limit of 500 million yuan will be implemented, and when it exceeds 110%, new applications will be suspended [2].

Core Viewpoint - Zhaoqing plans to implement a "Commercial to Public" loan program, allowing individuals with existing commercial loans to convert them into public housing fund loans or a combination of both [1][4]. Group 1: Loan Guidelines - The "Commercial to Public" loan includes full conversion of commercial loans to public fund loans and a combination of commercial and public fund loans [4]. - The program is based on regulations such as the Housing Provident Fund Management Regulations and local management methods [3]. Group 2: Eligibility Criteria - Eligible applicants must be employees who have made contributions to the housing provident fund and have existing commercial loans for purchasing residential properties [3][5]. - Additional conditions include having made normal repayments for at least 12 months, obtaining property ownership certificates, and having no other encumbrances on the property [6]. Group 3: Application Process - The application process requires the original commercial loan bank's consent and submission of various documents, including identity verification and loan agreements [8][15]. - The loan amount is determined based on the current balance of the commercial loan minus three months of repayment amounts [9]. Group 4: Loan Terms - The minimum loan term is one year, and the maximum is 30 years, with specific age restrictions for borrowers [10][11]. - Interest rates for public fund loans vary based on the duration and whether it is the first or second home [13]. Group 5: Special Considerations - Properties purchased under the "Commercial to Public" program do not count towards the family housing count for loan eligibility [12]. - The program includes specific provisions for families with multiple properties or previous loan records [14].

Core Viewpoint - The Chengdu Housing Provident Fund Management Committee has released a revised management approach for converting commercial housing loans to housing provident fund loans, effective from October 15, 2025, for a duration of five years [1] Group 1: Policy Changes - The new policy removes the restriction on "local contributions," allowing eligible out-of-town contributors to apply for the conversion of commercial loans to provident fund loans [1] - The number of banks eligible to participate in the "commercial to provident fund" loan business has expanded beyond the original 15 banks, as any commercial bank that signs a cooperation agreement with the Chengdu Provident Fund Center can now participate [1]

Market Overview - On August 20, the A-share market saw a rebound with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all reaching new highs for the year. The Shanghai and Shenzhen markets had a total trading volume of 2.41 trillion yuan, a decrease of 180.1 billion yuan from the previous trading day, marking six consecutive days of over 2 trillion yuan in trading volume. Over 3,600 stocks rose in the market [2][3] - The Shanghai Composite Index increased by 1.04% to 3766.21 points, the Shenzhen Component Index rose by 0.89% to 11926.74 points, and the ChiNext Index gained 0.23% to 2607.65 points [3] Sector Performance - Chip stocks surged in the afternoon, while consumer stocks such as liquor rebounded. Consumer electronics also showed active performance. Conversely, high-priced stocks collectively fell, with sectors like film, chemical pharmaceuticals, CRO, and vitamins experiencing declines. The top-performing sectors included liquor, semiconductors, AI glasses, and minor metals, while the worst-performing sectors were film, chemical pharmaceuticals, CRO, and vitamins [2] International Market - In the U.S. stock market on August 20, the Dow Jones Industrial Average rose by 16.04 points (0.04%) to 44938.31 points, while the S&P 500 fell by 15.59 points (0.24%) to 6395.78 points, and the Nasdaq Composite dropped by 142.09 points (0.67%) to 21172.86 points [4][6] - In Europe, the FTSE 100 index increased by 98.92 points (1.08%) to 9288.14 points, while the CAC 40 index in France fell by 6.05 points (0.08%) to 7973.03 points, and the DAX index in Germany decreased by 146.10 points (0.60%) to 24276.97 points [4] Commodity Prices - International oil prices rose on August 20, with light crude oil futures for September delivery increasing by $0.86 (1.38%) to $63.21 per barrel, and Brent crude oil futures for October delivery rising by $1.05 (1.60%) to $66.84 per barrel [5] Automotive Market - According to the China Passenger Car Association, from August 1 to 17, the national retail sales of passenger cars reached 866,000 units, a year-on-year increase of 2%. Cumulatively, retail sales for the year reached 13.611 million units, up 10% year-on-year. The retail sales of new energy vehicles during the same period were 502,000 units, a year-on-year increase of 9% [11] Financial Regulations - The National Financial Regulatory Administration has proposed that the proportion of controlling mergers and acquisitions loans should not exceed 70% of the transaction price, while equity funds must account for at least 30%. This aims to mitigate high-leverage merger financing risks [8] Company Announcements - Muyuan Foods reported a net profit growth of 1170% year-on-year for the first half of the year, while Weicai Technology saw a net profit increase of 831% year-on-year. Tianwei Foods is planning to issue H-shares and list on the Hong Kong Stock Exchange [14]

Core Viewpoint - The Guangzhou Housing Provident Fund Management Center has issued a temporary implementation plan for converting commercial personal housing loans to housing provident fund loans, aimed at reducing the financial burden on homebuyers and enhancing the support role of the housing provident fund system [2][7]. Group 1: Eligibility Criteria - Applicants must meet specific conditions, including that the original commercial loan must be for a self-occupied residential property within Guangzhou, and the loan must not be settled [2]. - The original commercial loan must have been disbursed for at least three years, and the applicant must be the sole owner of the property [2]. - The property must have a real estate ownership certificate, and there should be no other mortgage registrations or legal restrictions on the property [2]. Group 2: Calculation of Loan Amount - The loan amount for the conversion is determined by the current housing provident fund loan policy and cannot exceed the lower of the original commercial loan balance minus the principal due in the next three months or 70% of the property's purchase price [4][5]. - An example illustrates that if the original commercial loan balance is 600,000 yuan and the property is valued at 2,000,000 yuan, the maximum loan amount would be calculated based on the lowest of the three criteria [5]. Group 3: Loan Term Calculation - The loan term for the converted loan is based on the remaining term of the original commercial loan and cannot exceed 30 years when combined with the years already paid [6]. - For instance, if the original loan has a remaining term of 23.5 years and has been paid for 6.5 years, the maximum loan term for the new loan would be 23 years [6]. Group 4: Additional Considerations - The conversion loan is not applicable for those who have a housing provident fund combination loan where the commercial loan part is involved [7]. - The new policy is expected to alleviate interest expenses for homebuyers, stimulate social consumption demand, and provide opportunities for those who previously could not use provident fund loans [7]. - The current interest rate for the first provident fund loan is 2.6%, which is lower than the average commercial loan rate of 3.2%, thus reducing monthly payments for borrowers [7].

Group 1 - Chengdu is implementing a commercial-to-public loan policy, which allows borrowers to convert their existing commercial loans to public housing loans [1][2] - The maximum loan amount for families with two or more contributors is 1 million yuan, while for single contributors, it is 600,000 yuan [8] - The loan interest rates are set at 2.1% for loans with a term of 5 years or less, and 2.6% for loans exceeding 5 years [10] Group 2 - Borrowers must meet specific conditions, including being the sole owner of the property, having a stable income, and a good credit history [3][5] - The application process involves submitting a written loan application, followed by a review and approval process by the Chengdu Public Housing Fund Center [4][11] - The loan amount is determined based on various factors, including the remaining principal of the original commercial loan and the borrower's repayment ability [7][9] Group 3 - Borrowers can apply for the commercial-to-public loan at the original commercial loan bank if it is one of the 15 cooperating banks [12] - The policy prioritizes local contributors, limiting access for those who have made contributions in other regions [14] - Families with more than one property are not eligible for the commercial-to-public loan [15]

Core Points - From August 20, 2025, individuals will be able to convert personal housing commercial loans issued before December 31, 2021, into housing provident fund loans [1] Group 1 - The Hefei Housing Provident Fund Management Center announced the relaxation of the "commercial to provident fund" loan conversion policy [1] - As of the end of July 2025, the individual loan rate in the city (including provincial branches) is 86.73%, with the city center at 90.64% [1] - The decision to allow the conversion is based on the current funding situation and the acceptance of "commercial to provident fund" loan applications [1]

Corporate Financing - New World Development has secured refinancing support of HKD 88.2 billion (approximately USD 11.2 billion) through a new term loan agreement with banks, aimed at refinancing part of its existing unsecured offshore financial debts [1] - Vanke A's largest shareholder, Shenzhen Metro Group, plans to provide a loan of CNY 6.249 billion to Vanke for repaying maturing public debts, bringing the total loans from Shenzhen Metro Group to CNY 21.8 billion [2] Real Estate Market - The total land acquisition amount for the top 100 real estate companies in the first half of 2025 reached CNY 506.55 billion, representing a year-on-year increase of 33.3%, with the growth rate expanding by 4.5 percentage points compared to the previous month [3] - China State Construction Engineering won a residential land plot in Beijing's Yanqing District for a base price of CNY 560 million, with a floor price of approximately CNY 15,500 per square meter [4] Policy Developments - Guangzhou is proposing a policy for converting commercial housing loans to public housing loans, allowing such conversions when the public loan rate is below 75%, with additional measures to be implemented as the rate increases [5] - Beijing's government is focusing on optimizing real estate policies to better meet the diverse housing needs of citizens, emphasizing the importance of a multi-supply housing system and enhancing housing security for young talents and recent graduates [6][7]

Group 1: Electric Vehicle Exports - Shenzhen's electric vehicle exports reached 11.18 billion yuan in the first five months of the year, marking a year-on-year increase of 16.7% [1] - BYD, a local company, exported over 380,000 vehicles during the same period, representing a significant year-on-year growth of 93% [1] - The expansion of BYD's presence now spans over 70 countries and regions across six continents, covering more than 400 cities [1] Group 2: Charging Device Regulations - Shenzhen's market supervision authority has issued a notice prohibiting the sale of non-3C certified charging devices in the Huaqiangbei market [2] - Merchants in the Huaqiangbei market are currently checking their inventory to ensure compliance with the new regulations [2] - This measure aims to purify the market environment and promote orderly development within the electronic product trading sector [2] Group 3: Housing Loan Policy in Guangzhou - Guangzhou is proposing a "commercial to public" housing loan policy, which will be activated when the personal housing loan rate falls below 75% [3] - Preventive measures will be implemented when the loan rate reaches 85% or higher, including potential control on loan amounts and appointment requirements [3] - The policy aims to alleviate the financial burden on homebuyers and stabilize the real estate market [4] Group 4: Hong Kong Real Estate Market - In June, Hong Kong recorded 7,271 property sale agreements, reflecting a month-on-month increase of 12.9% and a year-on-year increase of 38.6% [5] - The total value of these agreements reached 66.4 billion HKD, with a month-on-month growth of 33.2% and a year-on-year growth of 61.6% [5] - These figures indicate a recovery trend in the Hong Kong real estate market, highlighting strong economic recovery momentum in the region [6] Group 5: Shenzhen Stock Market Performance - The Shenzhen Composite Index closed at 10,534.58 points, showing an increase of 1.17% [7] - Notable gainers included Xicet Testing, Yihua New Materials, and Yizhongliang, each rising by 20% [8] - Conversely, Feilu Technology, Wangxin Materials, and China Shipbuilding Emergency experienced declines of 12.3%, 11.41%, and 10.48% respectively [8]