Balance of loans up in China's Yangtze River Delta

SHANGHAI -- The balance of loans in the Yangtze River Delta region was 56.73 trillion yuan ($8.37 trillion) at the end of December 2022, up 13.2 percent year-on-year.

The balance of loans in Chinese yuan reached 55.56 trillion yuan at the end of December, up 13.8 percent year-on-year, according to the People's Bank of China Shanghai Head Office.

The balance of foreign currency loans was $167.6 billion at the end of December, down 15 percent year-on-year.

The balance of the region's deposits stood at 68.25 trillion yuan at the end of December -- up 12 percent compared to the previous year.

Shanghai and the three provinces of Jiangsu, Zhejiang and Anhui fall within the ambit of the Yangtze River Delta region.