SMM Steel Market Morning News: Financial Regulatory Authorities Discussing Multiple Real Estate Financial Relaxation Policies

Reporters learned from the Hubei Branch of the People's Bank of China that the work of reducing the interest rate on stock first-home mortgages in Hubei Province has been basically completed, with a total reduction of over 860 billion yuan in outstanding first-home mortgage interest rates, an average decrease of 0.91 percentage points, benefiting over 2.23 million households, with an average annual reduction in interest expenses of about 3,500 yuan per household.