Reported 8 months ago
According to the statistics of the central bank, the annual growth rate of mortgage balances for state-owned banks has exceeded 9% in April 2024. However, following the introduction of the New Qing An mortgage last August, the proportion of non-state-owned banks in the monthly increase in mortgage balances has dropped significantly from over 70% to 30%. Private banks are facing obstacles in their mortgage business, with public banks dominating the increase in mortgage balances since November last year, surpassing 65% for six consecutive months, with private banks accounting for less than 35% during the same period.
Source: YAHOO