Bank of China: Actively implement the Notice on Implementing the Interest Subsidy Policy for Residential Mortgage Loans

On September 30, Bank of China announced that, in order to thoroughly implement the relevant decisions and arrangements of the Party Central Committee and the State Council, support the rigid housing demand of urban and rural residents, and effectively reduce the interest burden on eligible homebuying families, Bank of China has actively implemented the spirit and relevant requirements of the Notice on Implementing the Interest Subsidy Policy for Residential Home Purchase Loans. Starting from October 1, 2026, it will carry out fiscal interest subsidy work for eligible commercial personal housing loans under the policy, ensuring that the policy benefits reach consumers broadly. At the same time, it will optimize the handling process and simplify procedures.