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CHINA PRESS
CHINA PRESS: Industrial and Commercial Bank of China and Agriculture Bank of
China have both increased the mortgage rate discount from 5% to 10% for
first-time home buyers in Shanghai, 21st Century Business Herald reported. 
  - The mortgage rate for a second house remains unchanged, at 10% higher than
the benchmark interest rate, the newspaper said. 
  - China Construction Bank and Bank of China have also maintained mortgage rate
discounts of 10%, according to the newspaper. 
  - Shanghai is currently the only first-tier city that has a mortgage rate
discount for first-time home buyers in China, the newspaper added.

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