Chinese Real Estate Loans

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Chinese Real Estate Loans

A building is under construction in the CBD of Beijing, China, on May 1, 2024. Data released by the People's Bank of China on April 30, 2024, showed that at the end of the first quarter of 2024, the balance of RMB real estate loans stood at 53.52 trillion yuan, marking a decrease of 1.1% year-on-year and a growth rate that was 0.1 percentage points lower than at the end of the previous year. The increase in the first quarter amounted to 609.5 billion yuan, which was an increase of 1.16 trillion yuan over the fourth quarter of the previous year. (Photo by Costfoto/NurPhoto)


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