China’s new real estate loans exceeded 150 bn yuan in June, improving from May – state broadcaster

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China’s new bank loans to the real estate sector increased in June from the previous month, according to the state broadcaster, CCTV citing unnamed sources at financial regulators and multiple banks.

New bank loans to the real estate sector are expected to have exceeded 150 billion yuan, about 250 billion yuan higher than that in the previous month, according to the report.

In breakdown, new bank loans for real estate development in June was over 100 billion yuan higher than the previous month while new home mortgage loans were 150 billion yuan more than a month ago, said report, adding that China’s real estate financing is showing a recovering trend.