Property loans increase at slowest pace

银行房贷增速创8年新低

[重点词汇]

irregularity: 违规行为(n.)

wealth-management product: 理财产品

As of the end of April, loans to China's property sector expanded by 10.5% year-on-year, a growth rate at an eight-year low, said Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, at a press conference on Tuesday. The balance of trust loans and the amount of wealth-management products in the sector also continued to decline, Liang said. In particular, the amount of wealth-management products associated with non-standard property assets dropped by 36% year-on-year. The excessive capital flow into the property market has been preliminarily curbed, Liang said, adding that the country will maintain stringent crackdowns on irregularities to prevent and mitigate risks. China's policymakers have vowed to ensure the stable and healthy development of the property market, repeatedly emphasizing that "houses are for living in, not for speculation."

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刘纪鹏：中国政法大学商学院前院长、资本金融研究院院长、二级教授、博士生导师、高级研究员、高级经济师、注册会计师。

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