Guangdong real estate credit continues to recover, achieving positive growth for 5 consecutive months

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