On August 28, the People's Bank of China and the General Administration of Financial Supervision jointly issued new regulations on real estate credit management, extending the personal housing loan period from a maximum period of 30 years to a maximum of no more than 40 years. The specific period is determined by negotiations between buyers and commercial banks. On August 30, the reporter learned in an interview that CCB has begun implementing relevant policies. CCB customer service staff said that customers can apply to the bank for an extension of the loan period, and the bank will reasonably determine the specific period of time that can be extended based on a comprehensive assessment of factors such as the specific reason for the extension of the application period, the source of repayment, and subsequent repayment arrangements. According to CCB's current execution policy, the maximum extension period is no more than half of the original loan term, and the total length of the original loan period and extension period is not more than 40 years. For example, if the customer's original loan term is 30 years, they can apply for an extension of up to 10 years; if the original loan period is 10 years, it can be extended for up to 5 years. CCB customer service staff said that the bank began implementing the latest regulations from the date the policy was issued.

On August 28, the People's Bank of China and the General Administration of Financial Supervision jointly issued new regulations on real estate credit management, extending the personal housing loan period from a maximum period of 30 years to a maximum of no more than 40 years. The specific period is determined by negotiations between buyers and commercial banks. On August 30, the reporter learned in an interview that CCB has begun implementing relevant policies. CCB customer service staff said that customers can apply to the bank for an extension of the loan period, and the bank will reasonably determine the specific period of time that can be extended based on a comprehensive assessment of factors such as the specific reason for the extension of the application period, the source of repayment, and subsequent repayment arrangements. According to CCB's current execution policy, the maximum extension period is no more than half of the original loan term, and the total length of the original loan period and extension period is not more than 40 years. For example, if the customer's original loan term is 30 years, they can apply for an extension of up to 10 years; if the original loan period is 10 years, it can be extended for up to 5 years. CCB customer service staff said that the bank began implementing the latest regulations from the date the policy was issued.