A construction site in Shenzhen. In the first quarter of this year, banks’ loans to the property sector totalled US$7.8 trillion, a year-on-year increase of 10.9 per cent. Photo: Reuters A construction site in Shenzhen. In the first quarter of this year, banks’ loans to the property sector totalled US$7.8 trillion, a year-on-year increase of 10.9 per cent. Photo: Reuters
A construction site in Shenzhen. In the first quarter of this year, banks’ loans to the property sector totalled US$7.8 trillion, a year-on-year increase of 10.9 per cent. Photo: Reuters

Chinese regulator warns small banks against chasing property sector loans

  • Some medium to small regional banks have stepped up to compete for property sector loans, as bigger banks reduce their lending, CBIRC executive says
  • Lending to the sector recorded its slowest growth in eight years in April

Topic |   China property
A construction site in Shenzhen. In the first quarter of this year, banks’ loans to the property sector totalled US$7.8 trillion, a year-on-year increase of 10.9 per cent. Photo: Reuters A construction site in Shenzhen. In the first quarter of this year, banks’ loans to the property sector totalled US$7.8 trillion, a year-on-year increase of 10.9 per cent. Photo: Reuters
A construction site in Shenzhen. In the first quarter of this year, banks’ loans to the property sector totalled US$7.8 trillion, a year-on-year increase of 10.9 per cent. Photo: Reuters
READ FULL ARTICLE