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Bond Market News
Chinese Banks Bolster Lending to Property Sector in January to $94bn
Chinese banks boosted lending to the property sector in January to RMB 600bn ($94bn), double the monthly average lending seen in Q4 2021, as per the China Securities Journal citing regulatory and banking sources. According to the report, property development loans rose by RMB 200bn ($31.6bn) and mortgage loans rose by around RMB 100mn ($15.8bn) MoM. Additionally, it said that the property market will be generally stable throughout the year – investment is likely to bottom out and rebound in H1 and the investment growth rate is expected to reach 1-2% this year.
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