Domestic, foreign currency loans up in Yangtze River Delta

SHANGHAI, June 27– The outstanding amount of domestic and foreign currency loans in the Yangtze River Delta region stood at 47.06 trillion yuan at the end of May, up 14.2 percent year on year, official data shows. The balance of RMB loans was 45.91 trillion yuan by the end of May, up 14.5 percent year on year, while the balance of foreign currency loans stood at 180.6…

SHANGHAI, June 27 (Xinhua) — The outstanding amount of domestic and foreign currency loans in the Yangtze River Delta region stood at 47.06 trillion yuan (7.27 trillion U.S. dollars) at the end of May, up 14.2 percent year on year, official data shows.

The balance of RMB loans was 45.91 trillion yuan by the end of May, up 14.5 percent year on year, while the balance of foreign currency loans stood at 180.6 billion U.S. dollars, up 12.6 percent year on year, according to the People’s Bank of China Shanghai Head Office.

The balance of domestic and foreign currency deposits in the region was at 58.45 trillion yuan by the end of May, up 11.8 percent year on year.

Shanghai and the provinces of Jiangsu, Zhejiang and Anhui are under the ambit of the Yangtze River Delta region. Enditem