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The Bank of China is a state-owned Chinese multinational banking and financial services corporation headquartered in Beijing, China. It is one of the "big four" banks in China. As of 31 December 2019, it was the second-largest lender in China overall and ninth-largest bank in the world by market capitalization value, and it is considered a systemically important bank by the Financial Stability Board.

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economy3 h ago

China Announces Nationwide Mortgage Interest Subsidy Policy Starting October 2026

The Chinese government has introduced a new mortgage interest subsidy policy for first-time homebuyers, effective October 1, 2026, for a one-year period. The policy provides a 1% annualized interest subsidy for up to five years on loans for homes under 120 square meters and priced below 1.5 million yuan. Major state-owned banks have confirmed they will implement the subsidy program.

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China Announces Nationwide Mortgage Interest Subsidy Policy Starting October 2026

The Chinese government has introduced a new mortgage interest subsidy policy for first-time homebuyers, effective October 1, 2026, for a one-year period. The policy provides a 1% annualized interest subsidy for up to five years on loans for homes under 120 square meters and priced below 1.5 million yuan. Major state-owned banks have confirmed they will implement the subsidy program.

economy3 h ago

China Construction Bank

Industrial and Commercial Bank of China