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Agricultural Development Bank of China
News for Outlets

Balances of RMB deposits in Yangtze River Delta up to RMB50.51 trln by end May

June 18, 2020


Abstract : Balances of RMB deposits in China's Yangtze River Delta maintained growthing paces in the first five months of this year, up 13.3 percent year on year to 50.51 trillion yuan by the end of May, according to statistics from Chinese central bank's Shanghai Head Office.

BEIJING, June 18 (Xinhua) -- Balances of RMB deposits in China's Yangtze River Delta maintained growing paces in the first five months of this year, up 13.3 percent year on year to 50.51 trillion yuan by the end of May, according to statistics from Chinese central bank's Shanghai Head Office.

The growth rate was 2.5 percentage points higher than that in same period of last year. The total balances of RMB deposits included 614.8 billion yuan added in May.

By the end of last month, outstanding foreign currency deposits in the delta reached 248.9 billion U.S. dollars, up 3.2 percent year on year. In May, foreign currency deposit balances rose by 200 million U.S. dollars, 6.5 billion U.S. dollars more than the comparable data for May 2019.

On the other hand, outstanding RMB loans in the region grew 14.8 percent year on year to 40.08 trillion yuan by the end of May, 0.5 percentage point higher than the growth in April this year.

In May, new RMB loans of the delta amounted to 478.3 billion yuan, increasing 196.9 billion yuan from a year ago and included household sector loans of 218.6 billion yuan and lending by enterprises and government-sponsored institutions of 274.2 billion yuan, 48.2 billion yuan and 162.6 billion yuan more than comparable figures in May 2019, respectively.

Its foreign currency loan balances by the end of May expanded to 160.3 billion U.S. dollars, including 4.3 billion U.S. dollars of new loans in May. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)

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Keyword: May Yangtze River Delta RMB depoist RMB loan

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