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 . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
What you'll get:
- Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In