China's Shenzhen city is to raise down payment level - RTRS

Latest headlines crossing the wires, via Reuters, is from the Chinese economy, with Shenzhen announcing huge lifts in housing down payment requirements in order to bring some stability to the property market.

Key Headlines:

China's shenzhen city is to raise downpayment level for first-time buyers using housing provident fund to 30%

To raise downpayment level for second-home buyers using provident fund to 70 pct