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Has China’s real estate loan growth begun to slow down in 2017?

According to reports, data recently released by the People's Bank of China showed that at the end of September, my country's RMB real estate loan balance was 31.1 trillion yuan, a year-on-year increase of 22.8%, and the growth rate was 1.4 percentage points lower than the end of the previous quarter.

According to reports, data released by the People's Bank of China showed that my country's RMB real estate loans increased by 4.4 trillion yuan in the first three quarters, accounting for 39.6% of all loans in the same period. At the end of September, the balance of personal housing loans was 21.1 trillion yuan, a year-on-year increase of 26.2%, and the growth rate was 4.6 percentage points lower than the end of the previous quarter.

Medium- and long-term corporate loans grew rapidly in the third quarter. At the end of September, the balance of medium- and long-term loans to non-financial enterprises and government agencies was 45.1 trillion yuan, a year-on-year increase of 16.7%, and the growth rate was 1.6 percentage points higher than the end of the previous quarter. From January to September, there was an increase of 5.4 trillion yuan, an increase of 2.4 trillion yuan year-on-year. At the end of September, the balance of loans to small and micro enterprises accounted for 32.4% of the balance of corporate loans, 0.4 percentage points higher than the end of the previous quarter. From January to September, loans to small and micro enterprises increased by 2.6 trillion yuan, an increase of 516.5 billion yuan year-on-year.

I hope that the establishment of a long-term mechanism for real estate can bring housing prices back as soon as possible!