Thu, 29 Oct 2020

Balance of loans rises in Shanghai at August-end

Xinhua
20 Sep 2020, 21:59 GMT+10

SHANGHAI, Sept. 20 (Xinhua) -- The balance of loans in Shanghai stood at 8.23 trillion yuan (about 1.22 trillion U.S. dollars) at the end of August, up 5.1 percent year on year, data showed.

The balance of loans in the Chinese yuan, or the renminbi (RMB), was 7.57 trillion yuan at the end of August, up 4.9 percent year on year, and the growth rate was 0.2 percentage points lower than at the end of the previous month, according to the People's Bank of China Shanghai Head Office.

The balance of foreign currency loans was 96.5 billion U.S. dollars at the end of August, up 11.3 percent year on year.

The balance of Shanghai's deposits stood at 14.84 trillion yuan at the end of August, up 13.6 percent year on year. The balance of RMB deposits was 13.87 trillion yuan, a rise of 14.3 percent year on year.

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