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

Xinhua | Updated: 2020-07-28 10:28
The balance of domestic and foreign currency loans in the Yangtze River Delta region stood at 41.79 trillion yuan (about $5.97 trillion) at the end of June. [Photo/Sipa]

SHANGHAI -- The balance of domestic and foreign currency loans in the Yangtze River Delta region stood at 41.79 trillion yuan ($5.97 trillion) at the end of June, up 14.8 percent year on year, official data shows.

According to the Shanghai head office of the People's Bank of China, as of the end of June, the balance of renminbi loans was 40.64 trillion yuan, up 14.8 percent year on year, registering an increased growth of 0.1 percentage points compared to the same period last year.

In June alone, new RMB loans in the region hit 557 billion yuan, an increase of 83.7 billion yuan year on year, while new foreign currency loans stood at $2.5 billion during the period.

Meanwhile, the balance of domestic and foreign currency deposits in the region was 52.98 trillion yuan as of the end of last month, up 12.8 percent year on year, with the balance of renminbi and foreign currency deposits in the region standing at 51.09 trillion yuan and $266.8 billion, respectively.

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

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