Group 1 - The new round of mortgage rate adjustments in Shanghai began on September 1, with existing second-home mortgage rates being adjusted to current first-home mortgage rates, decreasing from 3.45% (LPR-5BP) to 3.36% (LPR-14BP), a reduction of 9 basis points [1] - Following the "8.25 real estate policy" in Shanghai, the differentiation between first and second home mortgage rates has been eliminated, leading to new second-home mortgage rates aligning more closely with first-home rates [5] - Several banks, including China Construction Bank and Beijing Bank, have started accepting applications for adjusting existing second-home mortgage rates to first-home rates, with the process available through mobile banking apps [5]

Core Insights - The new housing policy in Shanghai, effective from August 25, eliminates the distinction between first and second home mortgage rates, aligning the new second home loan rates closer to first home rates [3] - Several banks, including China Construction Bank and Beijing Bank, have initiated processes to convert existing second home loan rates to first home loan rates [4] - Customers can now adjust their existing mortgage rates through mobile banking apps, with specific conditions for rate adjustments based on market demand and individual credit situations [5] Group 1 - The new policy allows for second home loan rates to be adjusted to match first home loan rates, impacting the overall mortgage landscape in Shanghai [3] - Banks are actively facilitating the transition for customers, indicating a shift in lending practices [4] - The adjustment process for existing loans is accessible via mobile apps, streamlining customer experience [5] Group 2 - The adjustment of existing mortgage rates is contingent upon the previous quarter's average new loan rates, with a minimum increase of 30 basis points [5] - Factors influencing the new rate adjustments include market supply and demand, customer creditworthiness, and changes in loan guarantees [5]

Core Viewpoint - The recent adjustment in mortgage rates in Shanghai allows existing second-home loan customers to switch to the current first-home loan rate, resulting in a decrease in interest rates for many borrowers [1] Group 1: Mortgage Rate Adjustments - As of September 1, Shanghai has initiated a new round of mortgage rate adjustments, enabling customers to convert their existing second-home loan rates to the current first-home loan rates [1] - A specific case was reported where a customer successfully reduced her mortgage rate from 3.45% (LPR-5BP) to 3.36% (LPR-14BP), marking a reduction of 9 basis points [1] - Several banks, including China Construction Bank and Beijing Bank, have begun the process for existing second-home loan customers to switch to first-home loan rates [1] Group 2: Operational Details - Customers can perform the conversion through their bank's mobile app, with eligible customers receiving notifications on their apps [1] - The adjustment allows for a new agreed-upon rate that cannot be lower than the average new mortgage rate plus 30 basis points from the previous quarter [1] - The specific adjustment in the rate will depend on market demand, customer creditworthiness, and changes in loan guarantees [1]

Core Viewpoint - Shanghai's new housing policy has led to a reduction in mortgage rates for existing loans and a minimum rate of 3.09% for new second-home loans, aligning them with first-home rates [1][3]. Group 1: New Mortgage Rates - The new policy eliminates the distinction between first and second home mortgage rates in Shanghai, with the specific rate determined by the market rate pricing mechanism and individual bank conditions [2][10]. - The minimum mortgage rate for new second-home loans in Shanghai is set at 3.09%, which is consistent with the first-home loan rate [3][2]. Group 2: Existing Mortgage Adjustments - Existing mortgage rates can be adjusted for eligible borrowers, particularly if their current rate exceeds the national average by more than 30 basis points [4][11]. - For example, a second-home loan with a current rate of 3.45% could potentially be reduced to 3.36% [6][4]. - The adjustment process will not incur any fees and will begin on September 1, 2025 [7][14]. Group 3: Implementation and Communication - Banks in Shanghai, including major institutions like ICBC and Bank of China, have issued announcements regarding the new mortgage rate adjustments [1][9]. - Borrowers can check their eligibility for rate adjustments through their respective banks starting September 1, 2025 [12][13].

Core Viewpoint - Shanghai's new housing policy has led to a reduction in mortgage rates for existing loans and a minimum rate of 3.09% for new second-home loans, aligning them with first-home rates [2][6]. Group 1: New Mortgage Rates - The new policy eliminates the distinction between first and second home mortgage rates in Shanghai, with the specific rate determined by the market rate pricing mechanism and individual bank conditions [4][13]. - Major banks in Shanghai, including ICBC, Bank of China, and others, have announced adjustments to their commercial housing loan rates following the new policy [3][4]. Group 2: Existing Mortgage Adjustments - Existing mortgage rates can be adjusted for eligible borrowers, particularly if their current rates exceed the national average by more than 30 basis points [7][14]. - The adjustment process will not incur any fees and will begin on September 1, 2025, allowing borrowers to check their eligibility through their banks [10][17]. Group 3: Market Context - The weighted average interest rate for newly issued commercial housing loans nationwide was reported at 3.09% in Q2 2025, a decrease of 2 basis points from the previous quarter [5]. - The 5-year LPR remains stable at 3.5%, indicating a consistent lending environment [8].

Core Viewpoint - Shanghai's new real estate policy, effective from August 25, has led to banks announcing adjustments to their commercial housing loan interest rate pricing mechanisms, aiming to optimize the housing market [1][2]. Group 1: Policy Implementation - Major banks in Shanghai, including ICBC, Bank of China, and others, have released announcements regarding the adjustment of commercial housing loan interest rates [1]. - The new policy eliminates the distinction between first and second home loans, with interest rates determined based on the market rate pricing mechanism and individual bank conditions [2]. Group 2: Interest Rate Adjustments - Existing housing loan interest rates can also be adjusted for eligible borrowers, following the guidelines from last year's notification regarding the pricing mechanism [2]. - The adjustment rules state that if the existing loan interest rate exceeds the average new loan interest rate by more than 30 basis points, borrowers can apply for a rate adjustment [2]. - As of the second quarter of 2025, the weighted average interest rate for new commercial housing loans in China is reported to be 3.09% [2]. Group 3: Borrower Access - Starting September 1, borrowers can check their eligibility for interest rate reductions through the mobile banking channels of the respective banks [3].

上证50指数-0.06% 中证100指数-0.17% 沪深300指数+0.04% a500指数+0.23% 中证500指数+1.09% 中证1000指数+1.62% 中证2000指数+1.84% 微盘股指数+2.11% 你把a股想象成一个人，那上面这些指数基本上就是从头到脚的分布，现在行情明显头轻脚重，你越往下买就越容易赚钱，这个情况不是一天两天，从10 月16日开始持续半个月了。 今天a股成交2.21万亿，量能又回到了2万亿上方平台，中位数上涨0.91%，这就算小鸡腿回血。 市场风格依然严重倾向于小盘股，涨幅榜前100里没有一家流通市值500亿以上的公司，90%以上都是几十亿盘子的小票。其实看几大指数的涨跌表现也能 很好的反应市场偏好： 上证50指数-0.06% 510050 中证100指数-0.17% 159627 沪深300指数+0.04% 510330 a500指数+0.23% 159338 中证500指数+1.09% 512500 中证1000指数+1.62% 159845 中证2000指数+1.84% 563300 微盘股指数+2.11% 最底下的几个指数有的已经突破10月8日的高点，而最上面的指 ...

尊敬的中国建设银行客户： 为贯彻落实中国人民银行公告〔2024〕第11号，积极响应市场利率定价自律机制《关于批量调整存量房贷利 的倡议》，我行拟于2024年10月25日对符合条件的存量商业性个人住房贷款利率进行批量调整，现将有关操作事 公告如下： 一、本次批量调整的贷款范围 2024年10月25日（不含）前已发放的和已签订合同但未发放的商业性个人住房贷款（包含首套、二套及以上 人住房贷款，公积金组合贷款中的商业性个人住房贷款部分），如符合下列条件，可纳入本次批量调整。 （一）贷款利率采用贷款市场报价利率（以下简称"LPR"）为定价基准进行加点（加点可为负值）的浮动利 方式，且约定利率水平在LPR基础上的加点幅度高于-30BP的贷款，可纳入本次批量调整。 （二）贷款利率采用基准利率定价或采用固定利率方式，且执行利率水平高于最近一个月公布的LPR-30BP的 款，须于2024年10月23日（含）前，向我行申请转换为采用LPR为定价基准的浮动利率贷款（以下简称"固转浮" 后，可纳入本次批量调整。 以下贷款不纳入本次批量调整：个人商业用房（含商住两用房）贷款、公积金个人住房贷款；利率水平在LP 基础上加点幅度不高于- ...

中国建设银行股份有限公司 尊敬的中国建设银行客户： 为落实党中央、国务院决策部署，坚持金融工作的政治性、人民性，回应客户关切，降低居民融资成本，我 行坚决落实中国人民银行公告〔2024〕第11号，积极响应市场利率定价自律机制倡议，依法有序推进批量调整存 量商业性个人住房贷款利率工作。 我行正在抓紧制定批量调整存量房贷利率实施方案，拟于2024年10月12日发布具体操作细则，2024年10月31 日前完成批量调整。相关事宜将及时在我行官方网站、微信公众号、网点等渠道发布，敬请留意。 特此公告。 感谢您长期以来给予我行的大力支持！ 二〇二四年九月二十九日 《关于批量调整存量房贷利率的倡议》 ...