People’s Bank of China: The growth rate of real estate loans has fallen, and the growth rate of real estate development loans has increased.
real estate loan growth slows down
People’s Bank of China: At the end of the third quarter of 2022, the balance of RMB real estate loans was 53.29 trillion yuan, a year-on-year increase of 3.2%, 4.7 percentage points lower than the growth rate at the end of the previous year; the first three quarters increased by 848.8 billion yuan, accounting for 4.7% of the increase in various loans during the same period. %.
At the end of the third quarter of 2022, the balance of real estate development loans was 12.67 trillion yuan, a year-on-year increase of 2.2%, 2.4 percentage points higher than the first half of the year, and 1.3 percentage points higher than the end of the previous year. The balance of personal housing loans was 38.91 trillion yuan, a year-on-year increase of 4.1%, and the growth rate was 7.2 percentage points lower than that at the end of the previous year.