China’s mortgages by individuals should account cheaper than 30 percent of 房貸 in 2017 as housing curbs are expected to slow mortgage growth, state newspaper China Securities Journal quoted a central bank official as saying on Tuesday.
That will be a “clear drop” from your high ratio this past year, the newspaper quoted Zhou Xuedong, director from the business management department within the People’s Bank of China, as saying.
In 2016, China’s 5.68 trillion yuan ($820.9 billion) in new medium- and long term household loans made-up 44.9 percent of total new loans in the year, boosted by a furious property market boom, central bank data showed.
Zhou’s estimates echoed central bank governor Zhou Xiaochuan’s remarks a couple weeks ago, who said measures by local governments to cool rising house prices would slow mortgage growth to some degree, but housing loans would continue to grow with a relatively rapid pace.
Central bank data a week ago showed medium- and long term 房屋貸款 taken into account 32.5 percent of new loans in February, marginally more than January however the absolute dexrpky35 dropped almost in two, adding to signs and symptoms of cooling within the housing sector.
China has targeted broad money supply growth and development of around 12 percent in 2017, slightly lower than last year’s goal, signaling a bid to contain debt risks and keep growth on track.