China Financial Daily

Shanghai: Housing loans to expand the size of the funds rate, “good place”
26 reporters from the Shanghai Real Estate Industry Association was informed that the current capital Shanghai’s real estate “in place in good condition.” Said 1-April, the Shanghai real estate development enterprises 90.871 billion yuan of funds in place this year than the 12.6 percent increase over the same period last year, an increase higher than the 10.8% investment in real estate development.

See from the sources of funds, including credit and loans, foreign investment, self-financing, other capital funds four main categories emerged to varying degrees of growth. Lending by domestic banks to expand the scale of the impact of credit, an increase of 18.3 percent, accounting for the proportion of sources of funding this year increased by 1.5 percentage points year-on-year. Also popular as a result of the first half of the housing market and other capital (mainly for developers income) 31.3 billion yuan, up 10% (the ratio of the same period last year -6.2%), real estate accounted for the highest proportion of business capital in place to 34.5%.

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