In the year 1998, the total value of outstanding mortgages was about 427 billion RMB (US$51.7 billion) in the country, which reached more than 1,2000 billion RMB (US$1,452.8 billion) by the end of 2003.
The mortgage insurance programme in China covers Smart Mortgage Insurance Programme and Super Insurance Mortgage programme.
Smart Mortgage Insurance Programme saves the expenses with an interest-free mortgage insurance premium repayment for 3 years.
Super Insurance Mortgage programme reduce the financial burden during the early stage of mortgage term with an interest-free mortgage insurance premium repayment for 3 years.
See More: http://economywatch.com/mortgage/china.html
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