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China's October Aggregate Finance May Bottom Out: Times

CHINA PRESS
MNI (Singapore)

China's growth rate of aggregate finance is expected to bottom out, with analysts expecting aggregate finance to increase by over CNY1.6 trillion in October, due to the accelerated release of loans for developers and home buyers as well as high level of government bond issuance, the Securities Times reported citing analysts. Real estate financing has become an important factor constraining the rebound in aggregate finance given to less property loans, declining developers' bond sales and sharply falling trust funds to the sector, the newspaper said. Though the financing environment for developers has relaxed, credit growth in the sector will still lag the overall credit growth as the cooling housing market is discouraging mortgage loans, the Times said citing Wang Qing, chief analyst at Golden Credit Rating.

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