Shanghai has announced further cuts to minimum down‑payment requirements for homebuyers, joining Beijing to become the latest top-tier Chinese city to ease curbs in the hopes of engineering a broad recovery for the country’s struggling property market.The minimum down payment for buying a second home was reduced from 20 per cent to 15 per cent, bringing it in line with the threshold for first-time homebuyers, the municipal government announced on Thursday.Encouraging a recovery in new-home...