China Cuts PSL Rate, Lifts Relending Quotas and Launches First-Time Buyer Mortgage Subsidy

SentiSense · Published Sep 29, 2026, 9:06 AM ET · Updated Sep 30, 2026, 8:14 AM ET

China on Sept 29 cut its one-year pledged supplementary lending rate by 25 basis points to 1.5%, raised three relending quotas by a combined 1 trillio...