The Restructuring of Housing Finance System in China(2) o The Home mortgage Market in China: the total outstanding value of home mortgage had a 43-folds growth between 1996 and 2005. The share of home mortgage in the total financial loans increased from 0. 49%in 1998 to.9% at the end of 2005 The Home Mortgage Market in Shanghai:the importance of home mortgage is higher in Shanghai than any other cities in China: in 2005, the newly-added home mortgage loans accounted for 45.6% of all newly-added long-term RMB loans and the outstanding value of home mortgage loans accounted for 15.8%of total financial loans China Urban Land and Housing in 8 the 21st Century, HK Dec 2007China Urban Land and Housing in the 21st Century, HK Dec.2007 8 The Restructuring of Housing Finance System in China (2) ⚫ The Home Mortgage Market in China: the total outstanding value of home mortgage had a 43-folds growth between 1996 and 2005. The share of home mortgage in the total financial loans increased from 0.49% in 1998 to 8.9% at the end of 2005. ⚫ The Home Mortgage Market in Shanghai: the importance of home mortgage is higher in Shanghai than any other cities in China: in 2005, the newly-added home mortgage loans accounted for 45.6% of all newly-added long-term RMB loans and the outstanding value of home mortgage loans accounted for 15.8% of total financial loans