Government News
Balance of loans in Shanghai up 8.8% at end of May 2023-06-25
Photo taken on Nov 3, 2020, shows a view of the Lujiazui area of Pudong, East China's Shanghai.
The balance of loans in Shanghai, including all currencies, stood at 10.83 trillion yuan (about $1.51 trillion) at the end of May, up 8.8 percent year-on-year, official data showed.
The balance of loans in Chinese yuan rose 10.8 percent year-on-year to 10.18 trillion yuan at the end of last month, according to the People's Bank of China Shanghai Head Office.
The balance of loans in foreign currencies reached $91 billion at the end of May, down 20.3 percent year-on-year.
At the end of last month, the balance of Shanghai's deposits climbed 7 percent on a yearly basis to 19.63 trillion yuan, the data revealed.
Source: Xinhua
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