Balance of loans in Shanghai rises at end of March

SHANGHAI, April 16– The balance of loans in Shanghai stood at 9.92 trillion yuan at the end of March, up 12.1 percent from the same period of last year. The balance of loans in Chinese yuan reached 9.16 trillion yuan at the end of March, up 12.2 percent year on year, 0.1 percentage points higher than the previous month in growth rate, according to the People’s Bank of…

SHANGHAI, April 16 (Xinhua) — The balance of loans in Shanghai stood at 9.92 trillion yuan (1.55 trillion U.S. dollars) at the end of March, up 12.1 percent from the same period of last year.

The balance of loans in Chinese yuan reached 9.16 trillion yuan at the end of March, up 12.2 percent year on year, 0.1 percentage points higher than the previous month in growth rate, according to the People’s Bank of China Shanghai Head Office.

In the January-March period, new yuan loans stood at 337.3 billion yuan, 28.3 billion yuan less than the same period last year.

The balance of foreign currency loans hit 119.7 billion U.S. dollars at the end of March, up 14.5 percent year on year.

At the end of March, the balance of Shanghai’s deposits stood at 17.91 trillion yuan, climbing 11.6 percent over one year earlier. Enditem

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