The People's Bank of China reiterated on Thursday that the lower limit of individual property lending interest rates would be maintained at 70 percent of the benchmark lending rate, although it reduced the lower limit of corporate lending rates from 90 percent to 80 percent of the benchmark rate on June 8.

In a statement published on its website, the central bank said regulators have been constantly guiding and regulating individual property lending "effectively" and "prudently".

Agencies - China Daily