What are the specific implementation arrangements for the policy? Interest rate discounts are an important fiscal and financial coordination policy tool. In recent years, we have guided local and financial institutions to continuously explore and optimize, improve working mechanisms for horizontal collaboration and vertical integration, and continuously improve the convenience of policy operation. This time, the organization implemented an interest rate discount policy for residents' home purchase loans, focusing on the following aspects: First, full coverage of managing banks to facilitate “applying for loans nearby.” Considering the wide range of commercial personal housing loan businesses, in order to make it easier for the majority of households to borrow and enjoy them nearby, all banks that carry out commercial personal housing loan business can operate interest rate discount services for residents' home purchase loans in accordance with regulations. Second, interest rate discounts are automatically delivered, so that ordinary people can “enjoy it with peace of mind”. Buyers apply for loans at the bank according to normal credit procedures, and only need to simultaneously authorize the bank to apply for interest discounts on their behalf when signing the loan contract. The bank automatically identifies eligible borrowers and automatically calculates and deducts the corresponding interest discount amount when receiving interest on a monthly basis. The borrower will repay the loan normally, and the interest rate discount will be directly reflected in the amount of each installment. Banks will promptly inform them of interest rate discounts through mobile phone text messages, app messages, etc., so that borrowers can “feel at ease.” Third, the management chain is more streamlined to make the process “efficient”. If ordinary people want peace of mind, the organization and implementation must be smooth. Banks have grasped the factors of first housing certification, housing size, total housing price, and loan amount when approving loans. In order to simplify the operation process, the current policy is clear. The managing bank is responsible for reviewing interest rate discount eligibility, and the relevant departments organize joint spot checks in due course. The financial department takes the lead in organizing implementation, strengthening coordination and cooperation with managing banks to guarantee interest rate discount funds; the People's Bank of China and the General Administration of Financial Supervision do a good job in real estate credit management according to the division of responsibilities, strengthen coordination and linkage between monetary policy and fiscal policy, and guide and supervise managing banks to do a good job in issuing loans and cutting interest rates. In the next step, we will closely follow the progress of policy implementation, strive for the easiest operation, reduce errands for the masses, promote the full release of policy effects, and benefit the public as soon as possible.

What are the specific implementation arrangements for the policy? Interest rate discounts are an important fiscal and financial coordination policy tool. In recent years, we have guided local and financial institutions to continuously explore and optimize, improve working mechanisms for horizontal collaboration and vertical integration, and continuously improve the convenience of policy operation. This time, the organization implemented an interest rate discount policy for residents' home purchase loans, focusing on the following aspects: First, full coverage of managing banks to facilitate “applying for loans nearby.” Considering the wide range of commercial personal housing loan businesses, in order to make it easier for the majority of households to borrow and enjoy them nearby, all banks that carry out commercial personal housing loan business can operate interest rate discount services for residents' home purchase loans in accordance with regulations. Second, interest rate discounts are automatically delivered, so that ordinary people can “enjoy it with peace of mind”. Buyers apply for loans at the bank according to normal credit procedures, and only need to simultaneously authorize the bank to apply for interest discounts on their behalf when signing the loan contract. The bank automatically identifies eligible borrowers and automatically calculates and deducts the corresponding interest discount amount when receiving interest on a monthly basis. The borrower will repay the loan normally, and the interest rate discount will be directly reflected in the amount of each installment. Banks will promptly inform them of interest rate discounts through mobile phone text messages, app messages, etc., so that borrowers can “feel at ease.” Third, the management chain is more streamlined to make the process “efficient”. If ordinary people want peace of mind, the organization and implementation must be smooth. Banks have grasped the factors of first housing certification, housing size, total housing price, and loan amount when approving loans. In order to simplify the operation process, the current policy is clear. The managing bank is responsible for reviewing interest rate discount eligibility, and the relevant departments organize joint spot checks in due course. The financial department takes the lead in organizing implementation, strengthening coordination and cooperation with managing banks to guarantee interest rate discount funds; the People's Bank of China and the General Administration of Financial Supervision do a good job in real estate credit management according to the division of responsibilities, strengthen coordination and linkage between monetary policy and fiscal policy, and guide and supervise managing banks to do a good job in issuing loans and cutting interest rates. In the next step, we will closely follow the progress of policy implementation, strive for the easiest operation, reduce errands for the masses, promote the full release of policy effects, and benefit the public as soon as possible.