Growth in Shanghai's Personal Housing Loans Continued to Lose Momentum in August, PBOC Says
Dou Shicong
DATE:  Sep 19 2017
/ SOURCE:  Yicai
Growth in Shanghai's Personal Housing Loans Continued to Lose Momentum in August, PBOC Says Growth in Shanghai's Personal Housing Loans Continued to Lose Momentum in August, PBOC Says

(Yicai Global) Sept. 19 -- Shanghai's individual housing loan growth continued to decline last month with an annual increase of CNY9.02 billion (USD1.38 billion), CNY15.5 billion less than the growth seen in the year-ago month, data from China's state bank, the People's Bank of China (PBOC), show.

Total yuan loan growth increased over the period, rising 5.8 percentage points to a rate of 15.9 percent on the year. Foreign exchange loans fell by USD2.98 billion, financial news outlet China Securities reported on Sept. 18.

New loans for second-hand housing totaled CNY4.1 billion, down from CNY6.95 billion a year earlier, while new individual consumption loans came to CNY25.7 billion, an increase of CNY7.23 billion compared with August last year.

Growth in commercial construction development loans decreased for the first time this year last month, down CNY20 million on the year and CNY 6.53 billion from a month earlier.

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Keywords:   REAL ESTATE,Loan