At today's Industrial Bank's semi-annual report release conference, the relevant person in charge of Industrial Bank stated that in the first half of the year, real estate sales volume and prices continued to decline, and residents' expectations of housing prices did not show significant improvement. The overall real estate market is still in the bottoming stage. There is still some pressure on the asset quality of real estate loans. At the end of June, Industrial Bank's balance of public real estate financing was 751 billion, and the majority of new loans were invested in urban renewal and housing leasing. The person believes that it will take some time for the effects of real estate policies to become apparent. Before transactions stabilize, the funding chain of real estate companies will continue to be under pressure due to the impact of sales receivables. It is expected that there may be some exposure to new non-performing assets in the real estate business in the second half of the year. (Caixin)
兴业银行：房地产行业仍处于筑底阶段 下半年可能还会暴露不良
Industrial Bank: The real estate industry is still in the bottoming stage. There may still be some exposure to non-performing assets in the second half of the year.
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