Domestic, foreign currency loans soar in Yangtze River Delta in November

SHANGHAI (XINHUA) – The balance of domestic and foreign currency loans in the Yangtze River Delta region stood at CNY43.46 trillion (about USD6.63 trillion) at the end of November, up 14.6 per cent year on year, official data showed.

According to the Shanghai head office of the People’s Bank of China, the balance of RMB loans was CNY42.36 trillion by the end of November, up 14.7 per cent year on year.

In November alone, new RMB loans in the region hit CNY345.6 billion, down CNY4.3 billion year on year.

The balance of domestic and foreign currency deposits in the region was CNY55.1 trillion by the end of last month, up 16 per cent year on year.

Shanghai and the provinces of Jiangsu, Zhejiang and Anhui come under the ambit of the Yangtze River Delta region.