Hong Kong permanent residents want to buy a house in the mainland? How much can they borrow? It varies by bank (summarized from publicly available bank information, please consult the bank for specifics):

★ Bank of China Hong Kong: Applicable for first-hand self-occupied properties, up to 60% of the property price or valuation, with a maximum of 10 million HKD, repayment period up to 30 years;

★ China Construction Bank Asia: Loan amount starts from 400,000, up to 15 million (Shenzhen, Guangzhou, and Zhuhai) or 10 million (other Greater Bay Area cities), but not exceeding 60% of the property price or valuation (whichever is lower), with a maximum loan term of 30 years.

★ Bank of China International: Covers first-hand/contracted residential properties in Shenzhen, Zhongshan, and Zhuhai, with a maximum loan of 10 million HKD, or 70% of the property valuation (whichever is lower), repayment period up to 30 years;

★ OCBC Wing Hang Bank: Covers designated first-hand residential property projects in Zhuhai, Shenzhen, Guangzhou, and Foshan, with a loan amount starting from 1 million, interest calculated at a floating rate, and a maximum loan term of 25 years;

★ ICBC Asia: Applicable for designated first-hand/contracted housing, with a loan amount up to 10 million HKD, not exceeding 60% of the property price or valuation (whichever is lower), repayment period up to 30 years.

The interest rate is generally around 3.25%, compared to the mainland's 5% mortgage rate. If calculated based on a 6 million loan paid off over 30 years, Hong Kong permanent residents can save over 2 million!

Are there purchase restrictions?

Greater Bay Area: The Greater Bay Area requires Hong Kong permanent residents to work or study in the mainland for more than one year before they can purchase self-use, self-occupied commercial housing that meets actual needs.
How to specifically define "study" and "work" for "one year" depends on the requirements of each locality.

Shanghai: You need to provide a personal income tax statement or social security payment for one full year in Shanghai (from the date of signing the house purchase contract, the previous 12 months of personal income tax statement or social security) corresponding to a continuous one-year labor contract with the company, in order to purchase one property.