Government News
Balance of loans in Shanghai up 7.6 pct at end of July 2023-08-21
The balance of loans in Shanghai, including all currencies, stood at 10.88 trillion yuan (1.51 trillion U.S. dollars) at the end of July 2023, up 7.6 percent year on year, official data showed.
Of the total, the balance of loans in the Chinese yuan rose 9.1 percent year on year to 10.26 trillion yuan at the end of July, according to the People's Bank of China Shanghai Head Office.
The balance of loans in foreign currencies reached 87.6 billion U.S. dollars at the end of July, down 17.6 percent year on year.
The balance of Shanghai's deposits climbed 4.7 percent year on year to 19.93 trillion yuan at the end of last month.
Source: Xinhua
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