The Beijing Housing Provident Fund Management Center has announced that the personal housing provident fund loan rates will be reduced by 0.25 ppts starting today (8th) in accordance with the requirements of the People's Bank of China.Specifically, the personal housing provident fund loan rates for the first home with a term of less than/ over five years will be lowered to 2.1%/ 2.6% respectively, while the rates for the second home with a term of less than/ over five years will be cut to 2.525%/ 3.075% respectively.Related NewsUOB Kay Hian: Buy List Adds BABA-W, INNOVENT BIO, TRIP.COM-S