Balance of loans in Shanghai rises at end of October

SHANGHAI - The balance of loans in Shanghai, including all currencies, stood at 10.26 trillion yuan ($1.46 trillion) at the end of October, up 9.8 percent year-on-year, official data shows.

The balance of loans in Chinese yuan in Shanghai reached 9.53 trillion yuan at the end of October, up 11.2 percent from a year earlier, according to the People's Bank of China Shanghai Head Office.

The balance of foreign currency loans stood at $101.8 billion at the end of last month, down 16.4 percent year-on-year.

At the end of October, the balance of Shanghai's deposits climbed 9.6 percent from a year earlier to 18.86 trillion yuan.