China outstanding individuals’ mortgage loans rise 33.4% year on year at end-September

      Comments Off on China outstanding individuals’ mortgage loans rise 33.4% year on year at end-September




BEIJING: China’s outstanding mortgage loans to individuals rose 33.4 percent to 17.93 trillion yuan ($2.65 trillion) from a year ago by the end of September, China’s central bank said on Friday.

Outstanding loans to property developers grew 7.6% to 7.04 trillion yuan ($1.04 trillion) over the same period, it said in a report posted on its website. ($1 = 6.7595 Chinese yuan renminbi) (Reporting by Yawen Chen and Kevin Yao; Editing by Simon Cameron-Moore)

 

Source: Reuters