Government News
Balance of loans in Shanghai up 8.2 pct at end of April 2024-06-10
This panoramic aerial photo taken on Jan. 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in east China's Shanghai.
The balance of loans in Shanghai, including all currencies, rose 8.2 percent year on year at the end of April to 11.67 trillion yuan (1.64 trillion U.S. dollars), official data showed.
Specifically, the balance of loans in Chinese yuan stood at 11.09 trillion yuan, up 9.3 percent year on year, according to the People's Bank of China Shanghai Head Office.
Outstanding foreign currency loans totaled 82.4 billion U.S. dollars, down 11.7 percent year on year.
The balance of Shanghai's deposits climbed 6.4 percent on a yearly basis to 20.94 trillion yuan at the end of April, the data also revealed.
Source: Xinhua
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