China to relax lower limit for first-home loan interest rates

BEIJING, Sept. 29 (Xinhua) -- China will relax its lower limit for loan interest rates for first-home buyers in certain cities, the country's financial authorities said on Thursday.

By the end of 2022, governments of qualified cities will be able to decide if they will retain, reduce or remove local lower limits for interest rates on first-home loans in phases, according to a circular jointly issued by the Peopl