Weekend - China city Shenzen announced eased housing finance rules ...Middle East

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Weekend - China city Shenzen announced eased housing finance rules

Shenzhen is relaxing its housing provident fund loan policies to stimulate the property market.

from March 24maximum mortgage loan amount available through the fund will increase by 20% for individuals (to 600,000 yuan) and 22.2% for families (to 1.1 million yuan). first-time homebuyers can now borrow 40% more from the fund, up from 20%families with two or more children will see a 50% increase in their borrowing limit This article was written by Eamonn Sheridan at www.forexlive.com.

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