From the increase in RMB loans announced by the central bank, we can see that the household sector's medium and longterm loans increased by 320.2 billion yuan in June , and the increase in May was 51.4 billion yuan.
On May 17, , the People's Bank of China and the State Financial Regulatory Administration jointly issued a series of major favorable policies for the real estate market, commonly known as the "5.17" new policy.
However, in November , the household sector's medium and longterm loans increased japan phone number list by 300 billion yuan in a single month, which was much higher than the increase in November of any year from 2015 to 2023, and showed an increase at a multiple level.
On September 26, we introduced a combination of policies that exceeded expectations for the real estate market, which were more powerful than the "5.17" policy.
Optimism on the front line
Although the data is right in front of us, there are still people who believe that even if the decline stops and the market recovers, it will only be limited to firsttier cities.
In fact, the data from firsttier cities is not just optimistic, but the results are significant.
For example, in Shenzhen, according to data from the Shenzhen Branch of the People's Bank of China, the growth of medium and longterm loans to the household sector declined in July .