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

SHANGHAI - The balance of domestic and foreign currency loans in the Yangtze River Delta region stood at 42.43 trillion yuan ($6.23 trillion) at the end of August, up 14.7 percent year-on-year, official data showed.

According to the Shanghai head office of the People's Bank of China, the balance of RMB loans was 41.29 trillion yuan by the end of August, up 14.8 percent year-on-year.

In August alone, new RMB loans in the region hit 411.4 billion yuan, an increase of 30 billion yuan year-on-year, while new foreign currency loans stood at $2.3 billion in August.

The balance of domestic and foreign currency deposits in the region was 53.74 trillion yuan by the end of August, up 14.5 percent year-on-year.

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