Briefly

Balance of loans in Shanghai up

The balance of loans in Shanghai, including all currencies, stood at 10.91 trillion yuan ($1.53 trillion) at the end of June, up 7.7 percent year-on-year, official data showed. Of the total, the balance of loans in yuan rose 9.6 percent to 10.28 trillion yuan at the end of June, according to the People's Bank of China Shanghai Head Office. The balance of loans in foreign currencies reached $87.4 billion at the end of June, down 22.6 percent. The balance of Shanghai's deposits climbed 7 percent to 19.87 trillion yuan at the end of last month.

Locked-up shares worth $12.9b tradable

Locked-up shares worth around 92 billion yuan ($12.9 billion) will become eligible for trade on China's bourses this week. From Monday to Friday, about 4.05 billion shares will become tradable on the Shanghai and Shenzhen stock exchanges, according to data from financial information provider Wind Info. Under China's stock market rules, major shareholders must wait one to two years before they are permitted to sell their shares.

Xinhua - China Daily