Shanghai Loan Balance Reaches 11.07 Trillion Yuan ($1.56 Trillion) by End of November 2023: Official Data

SHANGHAI, Jan. 7 (Xinhua) — The loan balance in east China’s Shanghai Municipality, including all currencies, rose 6.1 percent year on year to 11.07 trillion yuan (1.56 trillion yuan). dollars) by the end of November 2023, according to official data.

Of that total, the balance of loans in yuan, the national currency, rose 7.9 percent year-on-year to reach 10.48 trillion yuan, according to the Shanghai office of the central People’s Bank of China.

The balance of foreign currency loans stood at $82.1 billion, down 17.8 percent year on year.

The data also revealed that the city’s deposit balance recorded a year-on-year expansion of 6.2 percent to reach 20.38 trillion yuan as of the end of November last year. End

2024-01-07 08:57:51
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