Shanghai Loan Balance Increases Late July

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SHANGHAI, Aug. 22 / Xinhua / – As of the end of July, the balance of loans in Shanghai stood at 9.12 trillion yuan ($ 1.41 trillion), up 11.3 percent from the same period last year.

According to the head office of the People’s Bank of China in Shanghai, the balance of loans in RMB at the end of July reached 8.37 trillion yuan, up 11.2 percent from last year, and the growth rate was 0.2 percentage points higher. than in the previous month. …

The balance of foreign currency loans at the end of July amounted to USD 115.8 billion, an increase of 21.3 percent on an annualized basis.

The balance of deposits in Shanghai at the end of July amounted to 16.78 trillion yuan, up 11.9 percent from last year.

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