Balance of loans in Shanghai rises at end of April

Photo taken on Nov. 3, 2020 shows the view of the Lujiazui area of Pudong, east China's Shanghai.(Xinhua/Ding Ting)

SHANGHAI, May 29 (Xinhua) -- The balance of loans in Shanghai stood at 9.86 trillion yuan (1.48 trillion U.S. dollars) 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 U.S. dollars 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. ■