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.
While Japanese financial institutions’ profits recovered significantly after the middle of the 2000s, it was mainly attributable to the reversals in loan-loss provisions, thanks to the progress in the disposal of impaired assets and economic recovery. For example, the sum of net income of Japanese financial institutions for the past 20 years is in the red.