RMB Real Estate Loan Balance Falls 4.9% in First Half of 2026, Down 1.23 Trillion Yuan

As of the end of the second quarter of 2026, the outstanding balance of RMB real estate loans stood at 50.74 trillion yuan, down 4.9% year-on-year, with a net reduction of 1.23 trillion yuan in the first half of the year.

During the same period, the outstanding balance of real estate development loans was 12.65 trillion yuan, down 8.5% year-on-year, with a decrease of 540.2 billion yuan in the first half. The outstanding balance of personal housing loans was 36.29 trillion yuan, down 3.8% year-on-year, with a reduction of 716.3 billion yuan in the first half.