On August 30, the central bank finally rescued the property market, a total of five arrows to rescue the property market, they were: one, down the proportion of down payment; two, drop the loan rate; three, allow borrowing new and old; four, incheng Shi Shi; five, recognition of housing does not recognize credit. Among the many policies, the more important ones are “no credit” and “down payment ratio”:
“Non-payment” means that households, including borrowers, spouses and minor children, apply for loans to buy housing, if the member has no residential property, whether or not borrowed to buy residential property, it is eligible for the first time. It means more groups and purchase homes Requirements are included in the certification criteria for the first place.
As for the “down payment ratio” refers to the first set of down payment from 30% to 20%, the proportion of two sets of down payment decreased from 60% to 30%, which encourages everyone to buy a house with leverage, release purchasing power. However, we need to pay attention to even if interest rate decline, because less down payment means more interest, then more monthly consideration of income and cash flow. Therefore, the real estate market is the key to real economic recovery.
As we expected, the Government is beginning to value the capital market. As we expected, don't be too pessimistic. Hong Kong stocks will stabilize in September as a whole.
In terms of individual stocks, mediocrous light fight a lot (PDD.US) announced on August 29, leading the flair after the results, look at the results after the fact does not make sense: first, fight a lot of the second quarter...