New property loans made up 24.7% of all new loans issued in the first half, the PBOC said in a statement released on its website.

The central bank said outstanding individual mortgages grew 15.7% in the same period to 32.36 trillion yuan, compared to a 15.9% gain by the end of March.

(Reporting by Yawen Chen and Ryan Woo; Editing by John Stonestreet)