Supplementary Circular of the People’s Bank of China, China Banking Regulatory Commission, on Strengthening Credit Administration of Commercial Real Estate Tuesday,May 06,2008 Posted: 10:26 BJT(0226 GMT)  CAITEC General department of the People’s Bank of China in Shanghai, all regional branches, operation departments, municipal sub-branches, sub-branches at sub-provincial level, all bank regulatory bureaus, all state-owned commercial banks and share-holding commercial banks: To further implement Circular of the People’s Bank of China and China Banking Regulatory Commission on strengthening Credit Administration of Commercial Real Estate (hereinafter referred to as Circular), in accordance with the state policy on housing consumption and the related regulations, the relative issues with respect to the implementation of “strengthening credit administration of housing consumption” in the third part of the Circular are announced hereby as supplements: 1. To determine the number of housing credit by the unit of the borrower’s family (including the borrower, his or her spouse and minor children). 2. As for those families that have purchased private houses and reapply for housing credit with the commercial banks, if the per-capita living area is below the average level of the local region, the banks may carry out in accordance with the credit policy about purchasing the first set of private house. However, the borrower shall offer the checking result of the total housing area of the family presented by the local estate management department according to the housing registration system. 3. For those families that have made use of their housing-fund to purchase houses and reapply for housing credit with the commercial banks, the banks shall carry out as the former regulations. 4. Commercial banks shall earnestly implement the obligation to disclose, requiring the borrower to submit authentic materials of house property, income, residence registration, tax and so on. According to the spirit of the Circular and the Supplementary Circular, all commercial banks shall make specific rules and submit these rules to the People’s Bank of China and the China Banking Regulatory Commission for report. People’s Bank of China　 China Banking Regulatory Commission December 5, 2007 (All information published in this website is authentic in Chinese. English is provided for reference only. )

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