New loans fueled by boom in housing

The nation's new yuan loans in September were largely supported by an increase in mortgage lending, but the contribution is expected to decline with tightened policies introduced in the property sector, economists said.

Chinese banks issued 1.22 trillion yuan ($181 billion) in new yuan loans in September, up from 948.7 billion yuan in August, according to data released on Tuesday by the People's Bank of China, the central bank.

New housing loans issued to individuals stood at 475.9 billion yuan, according to Ruan Jianhong, head of the statistics and analysis department at PBOC.