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Agricultural Development Bank of China
Economy

Balance of loans in Shanghai rises in May

June 21, 2021


Abstract : The balance of loans in Shanghai stood at 8.96 trillion yuan (about 1.39 trillion U.S. dollars) at the end of May, up 10.6 percent from the same period last year.

SHANGHAI, June 19 (Xinhua) -- The balance of loans in Shanghai stood at 8.96 trillion yuan (about 1.39 trillion U.S. dollars) at the end of May, up 10.6 percent from the same period last year.

The balance of loans in Chinese yuan reached 8.27 trillion yuan at the end of May, up 11.2 percent year on year, and the growth rate was 0.6 percentage points higher than that of the previous month, according to the People's Bank of China Shanghai Head Office.

The balance of foreign currency loans hit 109.6 billion U.S. dollars at the end of May, up 17.4 percent year on year.

The balance of Shanghai's deposits stood at 16.25 trillion yuan at the end of May, up 12.6 percent year on year. Enditem

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Keyword: loans Shanghai

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