China Index Research Institute released its monthly financing report for September. Surveillance shows that the total amount of real estate corporate bond financing in September 2024 was 42.83 billion yuan, up 8.0% year on year. Under the influence of the low base last year, the year on year was corrected, down 22% month on month. The average interest rate for industry bond financing was 3.06%, down 0.62 percentage points year on year and up 0.53 percentage points month on month. Looking at the financing structure, in September, credit bond financing in the real estate industry was 16.99 billion yuan, down 5.1% year on year, down 52.1% month on month, accounting for 39.7%; ABS financing was 25.84 billion yuan, up 24.0% year on year, up 33.1% month on month, accounting for 60.3%. From January to September 2024, the total amount of bond financing in the real estate industry was 413.02 billion yuan, a year-on-year decrease of 27.0%. The decline was narrower than the previous month. Among them, credit bond financing was 25.11 billion yuan, down 26.8% year on year, accounting for 62.0%; overseas bond issuance amount was 6.70 billion yuan, down 53.7% year on year, accounting for 1.6%; ABS financing was 15.22 billion yuan, down 25.5% year on year, accounting for 36.4%.

China Index Research Institute released its monthly financing report for September. Surveillance shows that the total amount of real estate corporate bond financing in September 2024 was 42.83 billion yuan, up 8.0% year on year. Under the influence of the low base last year, the year on year was corrected, down 22% month on month. The average interest rate for industry bond financing was 3.06%, down 0.62 percentage points year on year and up 0.53 percentage points month on month. Looking at the financing structure, in September, credit bond financing in the real estate industry was 16.99 billion yuan, down 5.1% year on year, down 52.1% month on month, accounting for 39.7%; ABS financing was 25.84 billion yuan, up 24.0% year on year, up 33.1% month on month, accounting for 60.3%. From January to September 2024, the total amount of bond financing in the real estate industry was 413.02 billion yuan, a year-on-year decrease of 27.0%. The decline was narrower than the previous month. Among them, credit bond financing was 25.11 billion yuan, down 26.8% year on year, accounting for 62.0%; overseas bond issuance amount was 6.70 billion yuan, down 53.7% year on year, accounting for 1.6%; ABS financing was 15.22 billion yuan, down 25.5% year on year, accounting for 36.4%.