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PR Newswire
19-07-2013, 09:39 PM
Overly weighted credit given to property sector was one of the target for banking structure reform...
Bank lending to China’s property sector falls 17%
BEIJING - Bank lending to China’s property sector eased 17 per cent in the second quarter from the first quarter, but was still at high levels due to the buoyant real estate market, according to Reuters’ calculations from data released by the central bank on Friday.
Chinese banks lent 589.7 billion yuan (S$121 billion) to home buyers and property developers between April and June, cooling from the first quarter’s 710.3 billion yuan. Lending levels were still way above the high point of last year, when banks lent 416.8 billion yuan in the third quarter.
http://www.todayonline.com/business/bank...r-falls-17
Bank lending to China’s property sector falls 17%
BEIJING - Bank lending to China’s property sector eased 17 per cent in the second quarter from the first quarter, but was still at high levels due to the buoyant real estate market, according to Reuters’ calculations from data released by the central bank on Friday.
Chinese banks lent 589.7 billion yuan (S$121 billion) to home buyers and property developers between April and June, cooling from the first quarter’s 710.3 billion yuan. Lending levels were still way above the high point of last year, when banks lent 416.8 billion yuan in the third quarter.
http://www.todayonline.com/business/bank...r-falls-17
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