The Xiamen Municipal Development and Reform Commission issued the “Notice On Publicly Soliciting Opinions Of Xiamen City On Several Measures To Further Stabilize Growth And Promote High-Quality Economic Development” on August 29. It is proposed to implement the first-home loan policy of “Issue loans based on housing ownership”. When a family (including the borrower, spouse, and minor children, the same below) applies for a loan to purchase commercial housing, if the family member does not own complete ownership of one house in Xiamen, regardless of whether they had used the loan to purchase a house, banking Institutions should issue loans following the first housing credit policy.

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