China Home Loan Market By Type (Home Purchase, Refinance, Home Improvement, Construction, Other (Re-Sale etc.), By End User (Employed Individuals, Professionals, Students, Entrepreneur, Others (Homemaker, Unemployed, Retired, etc.)), By Tenure Period (less than 5 years, 6-10 years, 11-24 years, and 25-30 years), By Region, Competition, Forecast & Opportunities, 2028
Published Date: February - 2025 | Publisher: MIR | No of Pages: 320 | Industry: BFSI | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationChina Home Loan Market By Type (Home Purchase, Refinance, Home Improvement, Construction, Other (Re-Sale etc.), By End User (Employed Individuals, Professionals, Students, Entrepreneur, Others (Homemaker, Unemployed, Retired, etc.)), By Tenure Period (less than 5 years, 6-10 years, 11-24 years, and 25-30 years), By Region, Competition, Forecast & Opportunities, 2028
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China's Home Loan Market has generated a revenue of USD 680 billion in the current year and is poised to achieve a CAGR of 6% for the forecast period.
China Home Loan Market is anticipated to project robust growth during the forecast period on account of increasing marketing strategies, automation of loan process, increasing household construction, and increasing digitalization.
Since 1978, there has been a significant rural-urban migration in China. The 35 largest metropolitan regions saw a dramatic increase in population. The demand for housing in the major metropolitan regions increased significantly as a result of this significant rural-to-urban migration. Additionally, as employment and disposable money increased, so did the need for homes with larger space.
Increasing Housing Cost Will Fuel Market Growth
Currently, housing costs in China are high and still rising. The entire society is concerned about the phenomenon of rising housing costs. Ordinary families cannot afford a home and the pressure of filling up all found at housing options has led to discontent with the high cost of housing. In an effort to stabilise home prices, the government has also implemented a number of control measures, although these have not been successful in slowing the increase in prices. The national economy's ability to grow healthily has been gravely hampered by the current, sustained high home prices. Real estate bubbles' formation will lead to economic stagnation, and excessive housing costs will result in a number of social and economic issues.
Increasing Household Construction Will Boost The Market Growth
The macroeconomic and socioeconomic development of a country is significantly influenced by the construction of new homes.
Low Interest Rate of Home Loan in China Will Lead to Market Growth
China permitted banks to lower the limit on home loan interest rates. The People's Bank of China and China's Banking and Insurance Regulatory Commission state that the purpose of the action is to support housing demand and encourage the market for housing market in the nation to grow healthily. In response to weak market demand, Chinese authorities are easing limits on home purchases in some locations. Evergrande, a major domestic real estate player, has reported growing liabilities, and other businesses have seen a dramatic decline in revenues.
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Market Segmentation
The China Home Loan Market is segmented based on type, end user, tenure period, region, and competitional landscape. Based on type, the market is further fragmented into home purchase, refinance, home improvement, construction, others (re-sale, etc.). Based on end user, the market is segmented into employed individuals, professionals, students, entrepreneur, others (homemaker, unemployed, retired, etc.). Based on tenure period, the market is segmented into less than 5 years, 6-10 years, 11-24 years, and 25-30 years. On the basis of region, the market is divided into North, East, North-East, South-Central, North-West, South-West.
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Company Profiles
ICBC Co., Ltd., Bank of China,
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Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018–2021 |
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Estimated Year |
2023E |
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Forecast Period |
2024F –2028F |
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Quantitative Units |
Revenue in USD Million and CAGR for 2018-2022 and 2023E- 2028F |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
Type End User Tenure Period Company |
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Regional Scope |
North, East, North-East, South-Central, North-West, South-West |
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Key Companies Profiled |
ICBC Co., Ltd., Bank of China, China Construction Bank Corporation, Agricultural Bank of China Limited, Hua Xia Bank Co., Limited, Industrial Bank Co., Ltd., China Everbright Bank Co., Ltd., Postal Savings Bank Of China (PSBC), China CITIC Bank International Limited and China Merchants Bank Co., Ltd. |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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