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China new housing loans to individuals rose to $539 billion in Jan-Sept

October 18, 2016 8:55 AM
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BEIJING Oct 18 China's new housing loans to individuals rose to 3.63 trillion yuan ($538.69 billion) in the first nine months, accounting for 35.7 percent of total new loan issuance in the period, the central bank said on Tuesday.

In September alone, new housing loans to individuals were 475.9 billion yuan ($70.62 billion), or 205.5 billion yuan ($30.50 billion) higher than the same period last year, Ruan Jianhong, a central bank official said in a news release.

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