Reported about 1 year ago
According to statistics as of April, new Ching An accounted for 40% of the monthly housing loans newly undertaken by government-owned banks, significantly increasing from around 10% before its launch. This new program has prominently impacted the banks in the housing loan sector, with an average monthly growth rate of 1.5%-2.5% in loan balance until May compared to a substantial growth of 12%-20% last year. The housing loan balances for seven government-owned banks showed a positive trend, suggesting a growing importance of the new Ching An program for such banks.
Source: YAHOO