Of course, we can never fully eliminate risks – we can only manage them prudently. As an economist and a central banker, I think a lot about risk. I’m not the only one. In response to what we have experienced these last few years, central bankers around the world are adapting the way they do business.
Outstanding individual housing loan reached 2.6 trillion yuan, 619.2 billion yuan more than the beginning of the year, up 35.57% y-o-y. Entrusted loans with housing provident fund reached 450.22 billion yuan at the end of October, up 96 billion yuan than the year beginning, up 34.87% over the same period of last year. 2. Competition is extremely fierce, creating huge underlying risks.