Balance of loans in Shanghai rises at end of April

SHANGHAI -- The balance of loans in Shanghai stood at 9.86 trillion yuan ($1.48 trillion) at the end of April, up 10.8 percent from the same period of last year.

The balance of loans in Chinese yuan reached 9.11 trillion yuan at the end of April, up 11 percent year-on-year, according to the People's Bank of China Shanghai Head Office.

The balance of foreign currency loans hit $114.2 billion at the end of April, up 6.1 percent year-on-year.

At the end of April, the balance of Shanghai's deposits stood at 18.17 trillion yuan, climbing 11.8 percent over one year earlier.