Experts predict that in the second quarter will be down real estate credit

Over the past one quarter new individual housing loans reached 522.7 billion yuan, representing a substantial increase over the same period. Tightening of the current mortgage industry as a whole when the whole trend of tightening mortgage lending and real estate development will affect the growth of a credit. Experts predict that real estate credit in the second quarter will fall.
The first quarter 522 700 000 000 new residential building in the central bank issued "in the first quarter financial institutions to invest in Statistics Report", a quarter of new real estate loans of RMB 845.7 billion yuan, up 44.3% quarter-end balance of more than the same period in the The loan balance of 20 percentage points higher than the growth rate. The report shows that the new real estate loans, real estate development loans added 320.7 billion yuan, up 31.1% quarter-end balances over the previous year increased by 0.5 percentage points; individual housing loan additional 522.7 billion yuan, end of the quarter balances grew 53.4% over the previous year increased by 10.3 percentage points.

Analysts said the real estate development loans and a credit growth is based on the expected tightening of real estate, but then there is the second-quarter growth rate may drop. Central University of Finance and the China Banking Research Center, Renguo Tian Yong believes that the national housing policy began to tighten, the future of real estate loans will enter the control of real estate credit will decrease, or to the loan balance growth with considerable level.

In addition, the central bank reported that a quarter of major financial institutions, infrastructure and long-term foreign currency loans of the major sectors added 710.8 billion yuan, up 33.3% quarter-end balances over the previous year fell 9.7 percentage points. In addition, a quarter of personal consumer loans continued to grow. All financial institutions, new loans of RMB 572.5 billion yuan for personal consumption, up by 369.8 billion yuan more than the balance up 57% over the previous year to speed up the growth rate 8.4 percentage points. GUO Tian-Yong said that the national policy of expanding domestic demand, and consumer organizations are creating a personal consumption loans in 2010 will maintain a high growth rate.