STORY HIGHLIGHTS


Domestic, foreign currency loans soar in Yangtze River Delta

CNC
Added On December 27, 2020

Official data show that the balance of domestic and foreign currency loans in the Yangtze River Delta region stood at 43.46 trillion yuan, or about 6.63 trillion U.S. dollars, at the end of November, up 14.6 percent year on year.

 
According to the Shanghai head office of the People's Bank of China, the balance of RMB loans was 42.36 trillion yuan by the end of November, up 14.7 percent year on year.
 
Meanwhile, the balance of domestic and foreign currency deposits in the region was 55.1 trillion yuan by the end of last month, up 16 percent year on year.
 
Shanghai and the provinces of Jiangsu, Zhejiang and Anhui come under the ambit of the Yangtze River Delta region