Legal analysis: The government will support residents' reasonable housing loan demand. For families who buy the first ordinary self-occupied apartment, the down payment ratio of the loan is 30%, and the lower limit of the loan interest rate will be 0.7 times of the benchmark loan interest rate.

Legal basis: Law of the People's Republic of China on the People's Bank of China.

Article 23 In order to implement monetary policy, the People's Bank of China may use the following monetary policy tools: (1) requiring banking financial institutions to deposit reserves in a prescribed proportion; 2. Determine the benchmark interest rate of the central bank; (3) handling rediscount for banking financial institutions that have opened accounts with the People's Bank of China; (4) Providing loans to commercial banks. (5) buying and selling treasury bonds, other government bonds, financial bonds and foreign exchange in the open market; VI. Other monetary policy tools determined by the State Council. The People's Bank of China may prescribe specific conditions and procedures when applying the monetary policy tools listed in the preceding paragraph for the implementation of monetary policy.

Article 31 The People's Bank of China shall monitor the operation of financial markets according to law, implement macro-control on financial markets, and promote the coordinated development of financial markets.