I.  Overview and analysis of the current situation of China’s real estate finance  1. China’s real estate finance has developed rapidly in recent years. Since the reform and opening up, China’s real estate finance has witnessed rapid growth, from nowhere to a considerable size, along with the reform of national housing system and continuous growth of the real estate market.
Especially since 1998, financial support to the real estate industry has been extended from previous single enterprise development loan to both investment and sale credit. The current development of China’s real estate finance has the following characteristics: First, property development and personal housing consumption lending experienced accelerated growth year by year.