Date
17 August 2018

Shanghai’s new home loans up 51.4% in Jan-Sept, paper says

New personal mortgage loans in Shanghai in the three quarters to September reached 60.6 billion yuan (US$9.933 billion), 51.4 billion yuan more than the same period last year, the Securities Times reported Thursday, citing the local branch of the People’s Bank of China. There was an increase of 143.12 billion yuan in personal savings in renminbi and foreign exchange during the first nine months. The increase in personal savings in the third quarter, 18.17 billion yuan, was only around 30 percent of the increases in the previous two quarters, the report said.

– Contact HKEJ at [email protected]

EL/AC/CG

 

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