New yuan loans rise in Shanghai in H1

SHANGHAI - New yuan loans in Shanghai stood at 567 billion yuan ($87.64 billion) at the end of June, 224 billion yuan more than the same period last year.

New yuan deposits stood at 822.6 billion yuan in the first half year, 296.1 billion yuan less than the same period last year, according to the People's Bank of China Shanghai Head Office.

The balance of loans in Shanghai stood at 9.12 trillion yuan at the end of June, up 11.1 percent from the same period last year.

The balance of loans in Chinese yuan reached 8.37 trillion yuan at the end of June, up 11.1 percent year-on-year.

The balance of foreign currency loans hit $116.1 billion at the end of June, up 22.1 percent year-on-year.

The balance of Shanghai's deposits stood at 16.56 trillion yuan at the end of June, up 14.8 percent year-on-year.