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China' outstanding property loans down 1% on year at end-Q3

BY Reuters | ECONOMIC | 11/08/24 03:22 AM EST

BEIJING, Nov 8 (Reuters) - China's outstanding property loans totalled 52.9 trillion yuan ($7.38 trillion) at the end of the third quarter, down 1% from the previous year, the central bank said on Friday, as authorities battle to arrest a property crisis.

Outstanding individual mortgage loans came in at 37.56 trillion yuan, down 2.3% on-year at the end of the third quarter, the bank said.

($1 = 7.1685 Chinese yuan renminbi) (Reporting by Liangping Gao and Ryan Woo; Editing by Kim Coghill)

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