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Chinese largest banks lent nearly half of new loans to home buyers in 2018

Despite China's tightening restrictions over the real estate sector and cooling housing market last year, the country's largest commercial banks extended nearly half of their new loans to home buyers.

According to the Centaline Property Agency based on banks' earnings reports for 2018, China's eight largest banks extended 2.7 trillion yuan new loans last year, of which 47 per cent were home mortgage loans.

The six large state-owned banks - Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications and Postal Savings Bank of China . . .

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