Guangdong real estate credit continues to rise, achieving five consecutive months of positive growth.

The People's Bank of China Guangdong Branch held a press conference on the financial situation in Guangdong Province in the first quarter. Reporters learned from the meeting that as of the end of March 2025, the balance of real estate loans in Guangdong Province was 7.6 trillion yuan, an increase of 0.9% year-on-year, achieving five consecutive months of positive growth since November 2024. The financing cost of Guangdong enterprises continued to decline, with the weighted average interest rate of new corporate loans issued in Guangdong Province in March 2025 at 2.85%.