Balance of loans in Shanghai rises in March

SHANGHAI, April 18 (Xinhua) -- The balance of loans in Shanghai stood at 8.85 trillion yuan (about 1.36 trillion U.S. dollars) at the end of March, up 10.5 percent from the same period last year.

The balance of loans in Chinese yuan reached 8.16 trillion yuan at the end of March, up 10.4 percent year on year, and the growth rate was flat with that for the previous month, according to the People's Bank of China Shanghai Head Office.

The balance of foreign currency loans hit 104.5 billion U.S. dollars at the end of March, up 20.2 percent year on year. Enditem