Government News
Balance of loans in Shanghai up 7 pct at end of February 2024-05-05
This photo taken on Nov. 4, 2022 shows an evening view of the Lujiazui area in east China's Shanghai.
The balance of loans in Shanghai, including all currencies, rose 7 percent year on year at the end of February to 11.4 trillion yuan (1.61 trillion U.S. dollars), official data showed.
Specifically, the balance of loans in Chinese yuan stood at 10.83 trillion yuan, up 8.2 percent year on year, according to the People's Bank of China Shanghai Head Office.
Outstanding foreign currency loans totaled 81.1 billion U.S. dollars, down 13.9 percent year on year.
The balance of Shanghai's deposits climbed 6.5 percent on a yearly basis to 20.46 trillion yuan at the end of February, the data also revealed.
Source: Xinhua
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