Loans in Shanghai rises at end of June

The balance of loans in Shanghai stood at 10.05 trillion yuan (about 1.5 trillion U.S. dollars) at the end of June, up 10.2 percent from the same period of last year, official data showed Wednesday.

The balance of loans in Chinese yuan reached 9.29 trillion yuan at the end of June, up 11 percent year on year, according to the People’s Bank of China Shanghai Head Office.

The balance of foreign currency loans stood at 112.9 billion U.S. dollars at the end of last month, down 2.8 percent year on year.

At the end of June, the balance of Shanghai’s deposits stood at 18.56 trillion yuan, soaring 12.1 percent from a year earlier.

Originally published by Xinhua