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The Chinese capital is easing its rules to allow non-residents to purchase homes in core residential areas within the fifth ring road when they have paid a minimum three years of social insurance or personal income tax, instead of the current threshold of five years, according to a  from the municipal housing commission. In an effort to boost market demand, Beijing is also cutting minimum down payment ratios for first homes to 15%, and to 20% for second homes, while it will guide commercial banks to lowering the interest rates of existing mortgage loans in a steady and orderly manner to levels close to those of new loans.  The new measures will become effective from October 1 when the nation starts a week-long national holiday. That came after three other big cities - Shanghai, Guangzhou and Shenzhen -  their purchase rules. China in late September unveiled its  yet to shore up its beleaguered property market, lowering borrowing costs on as much as $5.3 trillion in mortgages and easing down-payment requirements for second-home purchases to a historical low. Top leaders also pledged action to make the real estate market \u201c,\u201d their strongest vow yet to stabilize the sector after new-home prices fell in August at the fastest pace since 2014. The central government directive, including encouraging cities to modify home-buying restrictions, paved the way for China\u2019s biggest cities to roll out easing. Read More: The central bank on Sept. 29 also announced that it will allow . The move, confirming  by Bloomberg News, underscores China\u2019s urgency to stem a housing-led slowdown in Asia\u2019s largest economy as it faces the prospect of increasing protectionism and a shaky global outlook. <\/pre>\n<p><\/p>\n<div style=\"margin: 20px 0;\"><div class=\"qrcswholewtapper\" style=\"text-align:left;\"><div class=\"qrcprowrapper\"  id=\"qrcwraa2leds\"><div class=\"qrc_canvass\" id=\"qrc_cuttenpages_2\" style=\"display:inline-block\" data-text=\"https:\/\/news.tomjun.com\/?p=2492\"><\/div><div><a download=\"\u5317\u4eac\u653e\u5bbd\u8d2d\u623f\u653f\u7b56\uff0c\u8ddf\u8fdb\u5176\u4ed6\u5927\u4e2d\u57ce\u5e02\u76f8\u4f3c\u884c\u52a8.png\" class=\"qrcdownloads\" id=\"worign\">\r\n           <button type=\"button\" style=\"min-width:200px;background:#44d813;color:#000;font-weight: 600;border: 1px solid #44d813;border-radius:20px;font-size:12px;padding: 6px 0;\" class=\"uqr_code_btn\">\u6587\u7ae0\u4e8c\u7ef4\u7801<\/button>\r\n           <\/a><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>\u6839\u636e\u5317\u4eac\u5e02\u4f4f\u623f\u59d4\u5458\u4f1a\u53d1\u5e03\u7684\u901a\u77e5\uff0c\u9996\u90fd\u51b3\u5b9a\u8c03\u6574\u8d2d\u623f\u89c4\u5219\uff0c\u5141\u8bb8\u975e\u672c\u5730\u5c45\u6c11\u5728\u4e94\u73af\u8def\u4ee5\u5185\u7684\u6838\u5fc3\u5c45\u4f4f\u533a\u8d2d\u4e70\u623f\u4ea7\uff0c\u4ec5\u9700\u7f34\u7eb3 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[79],"tags":[3876,507,2362,2531,3877],"class_list":["post-2492","post","type-post","status-publish","format-standard","hentry","category-79","tag-3876","tag-507","tag-2362","tag-2531","tag-3877"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/2492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2492"}],"version-history":[{"count":1,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/2492\/revisions"}],"predecessor-version":[{"id":2493,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/2492\/revisions\/2493"}],"wp:attachment":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}