Sina reports (via MNI):

  • People’s Bank of China’s Nanchang branch (in central China) announced it would cut the downpayment requirement for the purchase of second homes to 60%, from 70% currently, with immediate effec
  • Downpayment requirement had been raised to the current 70% at the end of 2013

It’s a small change, from just branch, but instructive nonetheless.