On March 29, financial news, China Minsheng Bank held its 2023 annual results conference today. Vice Governor Lin Yunshan said that the scale of early repayment of mortgage loans increased in 2023. Lin Yunshan said that in fact, early mortgage repayment began in full in the first quarter of 2022, and interest rate adjustments for the first existing personal housing loans were carried out as scheduled. “To a certain extent, this has brought pressure on the increase in the size of mortgage loans and downward pressure on yield.” Lin Yunshan confessed. Lin Yunshan said that since 2023, Minsheng Bank has continued to increase its mortgage investment efforts, strengthen cooperation with high-quality first-hand housing developers, and attach importance to high-quality intermediary cooperation for second-hand housing. “However, in the case of relatively rapid mortgage delivery, the mortgage balance still showed negative growth.” Lin Yunshan said. Lin Yunshan pointed out that it is expected that early repayment and repricing of mortgages in 2024 will affect revenue for the year at the level of 1.8 billion yuan.