皇冠体育app

A housing project in Nanjing, capital of East 皇冠体育app's Jiangsu province, Sept 21, 2014. [Photo/Asianewsphoto]

BEIJING - Loans to 皇冠体育app's real estate sector continued to rise at a steady pace as the property market began to show signs of recovery, data from the central bank showed Wednesday.

By the end of March, financial institutions in 皇冠体育app had lent 22.51 trillion yuan ($3.46 trillion) to the property sector, up 22.2 percent year on year, according to a report from the People's Bank of 皇冠体育app (PBOC).

The growth was 1.3 percentage points faster than the rate at the end of 2015, according to the report.

Outstanding loans for real estate development amounted to 5.22 trillion yuan as of the end of March, while loans for individual purchases jumped 25.5 percent to 15.18 trillion yuan, up 2.4 percentage points from the end of 2015.

The data came as 皇冠体育app's sluggish housing market started to pick up on the back of a string of government support policies.

Of 70 large and medium-sized cities surveyed in March, 62 saw new home prices increase month on month, up from 47 the previous month, the National Bureau of Statistics (NBS) said Monday.

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