China's property loans fell 5.2% y/y to 50.08tn yuan at end-Sept; mortgages down 1.10tn yuan year to date.
The People's Bank of China said on 28 October in its Q3 loan-allocation statistics that outstanding yuan property loans stood at 50.08 trillion yuan at end-September, down 5.2% year on year and 1.90 trillion yuan lower than at the start of the year. Property development loans were 12.37 trillion yuan, down 9.1%, a decline of 817.9 billion yuan this year; individual mortgages were 35.91 trillion yuan, down 4.1%, a decline of 1.10 trillion yuan. Reuters reported the figures the same day.
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