PBOC’s Shanghai Headquarters: Shanghai’s local and foreign currency loan balance at the end of August was 10.93 trillion yuan, an increase of 7.4% YoY

Data from the Shanghai headquarters of People's Bank of China show that at the end of August, the balance of local and foreign currency loans in Shanghai was 10.93 trillion yuan, a year-on-year increase of 7.4%, and the growth rate was 0.2 percentage points lower than the end of last month. The balance of RMB loans was 10.31 trillion yuan, a year-on-year increase of 8.9%, and the growth rate was 0.2 percentage points lower than the end of last month. The balance of foreign currency loans was $85.8 billion, a year-on-year decrease of 16.9%, and the growth rate was 0.7 percentage points higher than the end of last month.