CHONGQING(CQNEWS) -- Chongqing's newly-increased personal medium and long-term consumer loans (mainly home loans) were 5.016 billion yuan this Feburary, sharply reducing by 3 billion yuan, while that in this January was 8.052 billion yuan, according to Chongqing Management Department of People's Bank of China.
Many home buyers have taken a wait-and-see attitude since the central government released policies to regulate its real estate market at the end of this January, which directly poses an impact on the loans approved by banks. The reason for the newly-increased loans exceeding 5 billion yuan lies in the citizens' rigid demand for house property and the rise in house price. (Translated by Sun Hongxia, Fathom Language Limited)
