CHINA Trends and Developments Contributed by: Zheyuan Jin, Xiang Mao, Lingyue Sun and Yi Wu, Merits & Tree Law Offices
As of the latest data, the balance of real estate development loans has increased by over CNY400 billion compared to the beginning of 2024. Meanwhile, the balance of loans for com - mercial properties has risen by 19% year-on- year, and the balance of merger and acquisition loans has grown by 21% year-on-year. In 2024,
commercial banks issued new personal hous - ing loans totalling CNY6 trillion. These figures reflect the financial sector’s active support for real estate development, property management and individual homebuyers, contributing to the stabilisation and healthy growth of the real estate market.
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