Balance of loans in Shanghai up 6.5% at end of September

SHANGHAI -- The balance of loans in Shanghai, including all currencies, rose 6.5 percent year-on-year to 11.02 trillion yuan ($1.53 trillion) at the end of September, official data showed.

Of the total, the balance of loans in Chinese yuan went up 8.4 percent year-on-year to 10.43 trillion yuan, according to the People's Bank of China Shanghai Head Office.

The balance of foreign loans stood at 83.3 billion dollars at the end of last month, down 19.6 percent from the same period of 2022.

The data also revealed that the balance of Shanghai's deposits climbed 4.7 percent compared with a year earlier to reach 20.02 trillion yuan at the end of September.