Mon, 26 Oct 2020

Balance of loans in Shanghai rises in September

Xinhua
18 Oct 2020, 22:05 GMT+10

SHANGHAI, Oct. 18 (Xinhua) -- The balance of loans in Shanghai stood at 8.35 trillion yuan (about 1.24 trillion U.S. dollars) at the end of September, up 6.1 percent year on year.

The balance of loans in Chinese yuan was 7.67 trillion yuan at the end of September, up 5.7 percent year on year, and the growth rate was 0.8 percentage points higher than that for the previous month, according to the People's Bank of China Shanghai Head Office.

The balance of foreign currency loans was 100.6 billion U.S. dollars at the end of September, up 16 percent year on year.

The balance of Shanghai's deposits stood at 15 trillion yuan at the end of September, up 16.5 percent year on year.

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