Domestic, foreign currency loans up in Yangtze River Delta
SHANGHAI - The balance of domestic and foreign currency loans in the Yangtze River Delta region stood at 46.25 trillion yuan ($7.13 trillion) at the end of March, up 14.8 percent year-on-year, official data showed.
The balance of yuan loans was 45.09 trillion yuan by the end of March, up 15 percent year-on-year, while the balance of foreign currency loans stood at $176.8 billion, up 16.1 percent year-on-year, according to the People's Bank of China Shanghai Head Office.
The balance of domestic and foreign currency deposits in the region was 57.77 trillion yuan by the end of March, up 13.3 percent year-on-year.
In the first quarter, yuan deposits in the region increased by 2.93 trillion yuan, down 370.2 billion yuan from the increase in the previous year.
Shanghai and the provinces of Jiangsu, Zhejiang and Anhui come under the ambit of the Yangtze River Delta region.
- Year-ender: How multinational execs view China's economy in 2020
- China's fintech innovation thrives in unusual year
- Domestic, foreign currency loans soar in Yangtze River Delta in October
- Domestic, foreign currency loans rise in Yangtze River Delta in August
- Domestic, foreign currency loans rise in Yangtze River Delta in June
