China’s personal loans start rebounding in May, home mortgage loans rise significantly
China’s personal loans start rebounding in May, home mortgage loans rise significantly

China’s personal loans start rebounding in May, home mortgage loans rise significantly

 

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Chinese bank's new personal loans including credit card loans and consumer loans shows signs of improvement in May as the economy activity recovers for a coronavirus lockdown. In particular, home mortgage loans in some regions have recovered to pre-coronavirus levels.

A person from a large state-bank told Yuan Talks that "our new credit card loans increased in May from the previous month, but the gain was moderate. We expect credit card loan volume to recover to the same level of the same period last year in June."

A person from another state . . .

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