China News Service, April 24th-The Central Bank released a report on the loan investment of financial institutions in the first quarter of 2020 on the 24th. The report shows that the growth rate of real estate loans continued to decline. At the end of the first quarter of 2020, the balance of RMB real estate loans was 46.16 trillion yuan, an increase of 13.9% year-on-year, and the growth rate was 0.9 percentage points lower than that at the end of the previous year. The increase was 24.6%, 9.4 percentage points lower than the previous year ’s level.
At the end of the first quarter of 2020, the balance of real estate development loans was 11.89 trillion yuan, a year-on-year increase of 9.6%, and the growth rate was 0.5 percentage points lower than the end of the previous year. Among them, the balance of affordable housing development loans was 4.73 trillion yuan, a year-on-year increase of 3.9%, 2.8 percentage points lower than the end of the previous year. The balance of personal housing loans was 31.15 trillion yuan, a year-on-year increase of 15.9%, 0.8 percentage points lower than the end of the previous year.