Middle finger Institute: In October, the bond financing of the real estate industry increased by 76.9% year-on-year, and central state-owned enterprises actively issued bonds.

According to the Securities Times APP, on November 6, Zhongzhi Research Institute released the October financing monthly report. Zhongzhi Research Institute monitored that in October 2025, the total amount of bond financing in the real estate industry was 51.24 billion yuan, an increase of 76.9% year-on-year. The year-on-year growth of credit bond issuance in October, and the main issuers were central state-owned enterprises. In terms of financing structure, credit bond financing in the real estate industry was 32.7 billion yuan, an increase of 50.7% year-on-year, accounting for 63.8%; foreign debt financing was 2.85 billion yuan, accounting for 5.6%; ABS financing was 15.7 billion yuan, an increase of 115.8% year-on-year, accounting for 30.6%. The average interest rate for bond financing was 2.56%, a decrease of 0.42 percentage points year-on-year and a decrease of 0.13 percentage points month-on-month.