May 03, 2024 07:14 PM

ECONOMY

China’s Outstanding Personal Mortgages Shrink Even Faster

Gift this article

Subscribe to gift this article

Gift your friends free access to this article

Already a subscriber ? Sign In

Send any friend a story

00:00

00:00/00:00

Listen to this article 1x

China’s outstanding personal mortgages declined at a faster pace of 1.9% year-on-year at the end of March, as the protracted real estate downturn continues to weigh on demand.

The rate was 0.3 percentage points faster than a quarter earlier, resulting in a balance of 38.2 trillion yuan ($5.4 trillion) at the end of March, figures from the People’s Bank of China (PBOC) show.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Already a subscriber? Sign In

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: China Celebrates Golden Week

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: China to Launch New Visa to Lure Young Tech Talent Amid U.S. Curbs

2: In Depth: The Unfinished Transformation of China’s LGFVs

3: Beijing Earmarks Funds to Upgrade Tourist Payments and Services

4: Chart of the Day: CATL Leads Chinese Clean-Tech Firms in Overseas Investments

5: Exclusive: Wahaha Heiress’s Confidant Investigated for Disciplinary Violations

SPONSORED

OR