Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
New yuan loans soar in H1 to US$54b
By Maggie Zhang |
July 14, 2009, Tuesday
|
Print Edition
Print Edition
NEW yuan lending in Shanghai more than doubled in the first half compared with the year-ago period, the Shanghai headquarters of China's central bank said yesterday.
New yuan-backed credit topped 371.6 billion yuan (US$54.4 billion) in the first half, or 2.3 times the value posted a year earlier, said the Shanghai headquarters of the People's Bank of China yesterday in a statement.
The new credit in the first half of the year was also 97.1 billion more than the entire value of last year, the PBOC said.
In June alone, new yuan loans topped 99.9 billion yuan, up 81.8 billion yuan on an annual comparison, and a record high.
Meanwhile, banks offered more long-term credit in the first half with rising infrastructure lending and syndicated loans.
Individual mortgage loans soared in the first half, especially since the second quarter amid the recovering real estate market.
In the first half, individual mortgages rose 26.2 billion yuan at domestic banks, up 20.3 billion yuan from a year ago.
In June alone, individual mortgages rose 12.7 billion yuan and set a record monthly high. The figure was up 10 billion yuan from a year earlier.
New yuan savings also surged in the first half to 570.8 billion yuan, up 289.3 billion yuan from a year earlier, the statement said. It was more than any previous annual figure.
More companies put money back to bank accounts amid economic uncertainties while the growth of household savings started to slow since the second quarter along with an improving stock market and the resumption of initial public offerings.
New yuan-backed credit topped 371.6 billion yuan (US$54.4 billion) in the first half, or 2.3 times the value posted a year earlier, said the Shanghai headquarters of the People's Bank of China yesterday in a statement.
The new credit in the first half of the year was also 97.1 billion more than the entire value of last year, the PBOC said.
In June alone, new yuan loans topped 99.9 billion yuan, up 81.8 billion yuan on an annual comparison, and a record high.
Meanwhile, banks offered more long-term credit in the first half with rising infrastructure lending and syndicated loans.
Individual mortgage loans soared in the first half, especially since the second quarter amid the recovering real estate market.
In the first half, individual mortgages rose 26.2 billion yuan at domestic banks, up 20.3 billion yuan from a year ago.
In June alone, individual mortgages rose 12.7 billion yuan and set a record monthly high. The figure was up 10 billion yuan from a year earlier.
New yuan savings also surged in the first half to 570.8 billion yuan, up 289.3 billion yuan from a year earlier, the statement said. It was more than any previous annual figure.
More companies put money back to bank accounts amid economic uncertainties while the growth of household savings started to slow since the second quarter along with an improving stock market and the resumption of initial public offerings.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
