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The policy page of "reducing the down payment ratio of the first suite" in Baoji, Shaanxi Province was deleted.
The Beijing News (Reporter Wang Hailiang) On March 2, Baoji City, Shaanxi Province issued 15 epidemic response measures. In less than 12 hours, the policy release page was deleted by official website, Baoji Municipal People's Government. 15 measures, "actively strive to reduce the down payment ratio of the first suite" caused concern.

At 9: 57 this morning, official website, the People's Government of Baoji City, issued "Several Measures for the Housing and Construction Industry in Baoji City to Firmly Win the Prevention and Control of COVID-19 Epidemic, Stop the War and Stabilize the Development of People's Livelihood Enterprises". Among them, Article 12 reads: "Banks should actively strive to reduce the down payment ratio of the first home loan and increase the maximum amount of provident fund loans from 400,000 to 500,000." This move has attracted market attention and is considered by the industry to be the first policy statement of local governments to explicitly reduce the down payment, which has a strong signal significance. According to the release information, the policy was formulated on March 5th and officially released this morning, but it was less than 12 hours. Tonight, the policy release page is inaccessible.

Coincidentally, Zhumadian City, Henan Province has just experienced a policy exit. On February 2 1, Zhumadian City, Henan Province issued the Opinions on Further Standardizing and Promoting the Stable and Healthy Development of the Real Estate Industry, and put forward 17 policies to stabilize the property market, in which the minimum down payment ratio of the first housing loan for employees was reduced from 30% to 20%. But soon, on February 28th, the main person in charge of Zhumadian municipal government was interviewed by Henan provincial government, demanding that Zhumadian city improve its political position, adhere to the positioning that houses are used for living, not for speculation, maintain the continuity and stability of real estate control policies, and not regard real estate as a short-term means to stimulate the economy, so as to achieve the expected goals of stabilizing land prices and housing prices.