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Economy

Balance of loans in Shanghai rises at end of January

February 21, 2022


Abstract : The balance of loans in Shanghai stood at 9.81 trillion yuan (1.55 trillion U.S. dollars) at the end of January, up 13.1 percent from the previous year.

SHANGHAI, Feb. 21 (Xinhua) -- The balance of loans in Shanghai stood at 9.81 trillion yuan (1.55 trillion U.S. dollars) at the end of January, up 13.1 percent from the previous year.

The balance of loans in Chinese yuan reached 9.02 trillion yuan at the end of January, up 12.5 percent year on year, 0.6 percentage points lower than the previous month in growth rate, according to the People's Bank of China Shanghai Head Office.

In January, new yuan loans stood at 197.8 billion yuan, 22.9 billion yuan less than the same period last year.

The balance of foreign currency loans hit 123.6 billion U.S. dollars at the end of January, up 21.2 percent year on year.

At the end of January, the balance of Shanghai's deposits stood at 17.47 trillion yuan, climbing 11.6 percent over one year earlier.

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Keyword: Shanghai balance of loans

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