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<CN Home>CN New Real Estate Development Loans RMB963.6B, New Personal Mortgage Loans RMB1.3T in 1Q24
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Xiao Yuanqi, Deputy Director General of the National Financial Regulatory Administration (NFRA), said at the State Council's regular policy briefing that real estate financing will be maintained at a stable level and the input of funds into the real estate sector will be stabilised. On the one hand, NFRA will support the reasonable rollover of existing financing. According to the data, as of the end of March, the extension of existing real estate development loans has increased by 147% YoY. On the other hand, NFRA will proactively encourage new real estate loans. In the first quarter of this year, commercial banks disbursed RMB963.6 billion in new real estate development loans and RMB1.3 trillion in new personal mortgage loans. AAStocks Financial News |
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