7.7 percent increase in the balance of loans in Shanghai at the end of last June

2023-07-17 02:01:00

SHANGHAI, July 17 (Xinhua) — Official data released by the People’s Bank of China head office in east China’s Shanghai municipality showed that the loan balance in Shanghai, including all currencies, reached 10.91 trillion yuan (1.53 trillion U.S. dollars) at the end of last June, an increase 7.7 percent year on year.

Of the total, the balance of loans in Chinese yuan increased by 9.6 percent year-on-year, to reach 10.28 trillion yuan at the end of last June, the issued data added.

The balance of foreign currency loans reached 87.4 billion US dollars at the end of last June, down 22.6 percent year on year.

Deposit balance in Shanghai rose 7 percent year on year, reaching 19.87 trillion yuan at the end of last month. /ts/

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