The latest data from the People’s Bank of China (PBOC) points to more rapid growth in personal home loans in November, as regulators endeavour to contain the impacts on the property market of the Evergrande Group debt crisis.
China’s personal home loan balance stood at 38.1 trillion yuan at the end of November, according to data released by PBOC on 13 December.
The balance increased by 401.3 billion yuan in the month of November, for an expansion of 53.2 billion yuan compared to growth in October.
PBOC only began to release data on personal home lending in November, as part of efforts to assuage market concerns following the debt crisis of Chinese property giant Evergrande Group.
