Reported 8 months ago
According to the report, in May, national banks saw an increase of 123.6 billion yuan in housing loans, setting a record high for single-month increment. This surge brought the housing loan balance to 10.38 trillion yuan, marking a new high that has continued for the past 16 months. The increase was mainly attributed to factors such as the New Youth Safety Loan program and the conversion of construction loans to separate housing loans.
Source: YAHOO