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Agricultural Development Bank of China
Economy

Domestic, foreign currency loans rise in Yangtze River Delta in July

September 14, 2020


Abstract : The balance of domestic and foreign currency loans in the Yangtze River Delta region stood at 42.02 trillion yuan (about 6.14 trillion U.S. dollars) at the end of July, up 14.9 percent year-on-year, official data showed.

SHANGHAI, Sept. 13 (Xinhua) -- The balance of domestic and foreign currency loans in the Yangtze River Delta region stood at 42.02 trillion yuan (about 6.14 trillion U.S. dollars) at the end of July, up 14.9 percent year-on-year, official data showed.

According to the Shanghai head office of the People's Bank of China, the balance of RMB loans was 40.88 trillion yuan by the end of July, up 14.8 percent year-on-year.

In July alone, new RMB loans in the region hit 236.8 billion yuan, an increase of 35.2 billion yuan year-on-year, while new foreign currency loans stood at 1.5 billion U.S. dollars during the period.

The balance of domestic and foreign currency deposits in the region was 53.41 trillion yuan by the end of last month, up 15.1 percent year-on-year.

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

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Keyword: loans Yangtze River Delta

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