Under a plan jointly issued by the Department of Natural Resources of Guangdong Province, the Guangzhou Branch of the People’s Bank of China and the Guangdong Bureau of the China Banking and Insurance Regulatory Commission (Yue Zi Ran Zi Han No. 432 [2020]), all banking and financial institutions in the province must have online mortgage registration systems for immovable assets in place by the end of 2020, allowing customers to apply for corresponding mortgage loans conveniently. More