Balance of loans in Shanghai rises at end of October

SHANGHAI, Nov. 16– The balance of loans in Shanghai, including all currencies, stood at 10.26 trillion yuan at the end of October, up 9.8 percent year on year, official data shows. The balance of loans in Chinese yuan in Shanghai reached 9.53 trillion yuan at the end of October, up 11.2 percent from a year earlier, according to the People’s Bank of China Shanghai Head…

SHANGHAI, Nov. 16 (Xinhua) — The balance of loans in Shanghai, including all currencies, stood at 10.26 trillion yuan (about 1.46 trillion U.S. dollars) at the end of October, up 9.8 percent year on year, official data shows.

The balance of loans in Chinese yuan in Shanghai reached 9.53 trillion yuan at the end of October, up 11.2 percent from a year earlier, according to the People’s Bank of China Shanghai Head Office.

The balance of foreign currency loans stood at 101.8 billion U.S. dollars at the end of last month, down 16.4 percent year on year.

At the end of October, the balance of Shanghai’s deposits climbed 9.6 percent from a year earlier to 18.86 trillion yuan. Enditem