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China Construction Bank said Tuesday that it adjusted the structure of real estate loans, giving priority to residential building.
The CCB said it did this according to the nation's economic macro-control and the current situations of real estate market.
In the first quarter of 2005, the CCB lent 12.43 billion yuan (US$1.5 billion) to real estate companies, the largest number among the loans of all the industries.
By the end of March, loans to residential houses projects reached 114.26 billion yuan (US$13.8 billion), accounting to 71 percent of the total loans in real estate.
This year, CCB will grant more loans to real estate markets with a relatively advanced management, while grant less to the overheated areas.
(Xinhua News Agency June 1, 2005)
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