As LPR falls, will the phenomenon of widespread early repayment of loans be repeated this year? Li Guangzi, director of the Banking Research Office of the Institute of Finance of the Chinese Academy of Social Sciences, said that large-scale early loan repayment is directly related to market interest rate trends. China's personal housing loan balance experienced negative growth in 2023, down 1.6% year on year, the first negative increase since 1998; continuing this trend in 2024, the year-on-year decline in personal housing loan balances narrowed to 1.3%. If returns from alternative investment channels such as residents' deposits, financial management, and stock investments continue to decline, it is not ruled out that this situation will further occur. Yan Yuejin, deputy director of the Shanghai Yiju Real Estate Research Institute, said that although recently, judging from individual banks, early repayment phenomena are relatively rare, this situation does exist; however, it has not yet formed a large-scale trend. This is related to the reduction in interest rates on stock mortgages last year. It is also due to the improvement in the country's overall economic situation and the stability of housing prices.

As LPR falls, will the phenomenon of widespread early repayment of loans be repeated this year? Li Guangzi, director of the Banking Research Office of the Institute of Finance of the Chinese Academy of Social Sciences, said that large-scale early loan repayment is directly related to market interest rate trends. China's personal housing loan balance experienced negative growth in 2023, down 1.6% year on year, the first negative increase since 1998; continuing this trend in 2024, the year-on-year decline in personal housing loan balances narrowed to 1.3%. If returns from alternative investment channels such as residents' deposits, financial management, and stock investments continue to decline, it is not ruled out that this situation will further occur. Yan Yuejin, deputy director of the Shanghai Yiju Real Estate Research Institute, said that although recently, judging from individual banks, early repayment phenomena are relatively rare, this situation does exist; however, it has not yet formed a large-scale trend. This is related to the reduction in interest rates on stock mortgages last year. It is also due to the improvement in the country's overall economic situation and the stability of housing prices.