Government News
Balance of loans in Shanghai up 7.3 pct at end of January 2024-03-17
This aerial photo taken on Aug. 1, 2023 shows a view of the China (Shanghai) Pilot Free Trade Zone in east China's Shanghai.
The balance of loans in Shanghai, including all currencies, rose 7.3 percent year on year at the end of January to 11.37 trillion yuan (about 1.6 trillion U.S. dollars), official data showed.
Specifically, the balance of loans in Chinese yuan stood at 10.79 trillion yuan, up 8.3 percent year on year, according to the People's Bank of China Shanghai Head Office.
Outstanding foreign currency loans totaled 82.3 billion dollars, down 13.6 percent year on year.
The balance of Shanghai's deposits climbed 5.4 percent on a yearly basis to 20.4 trillion yuan at the end of January, the data also revealed.
Source: Xinhua
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