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Outstanding loans in Shanghai grows faster
By Hu Xiaocen |
December 18, 2012, Tuesday
|
Print Edition
Print Edition
OUTSTANDING loans in Shanghai grew faster in November from a month earlier on a rebound in new loans and a surge in personal financing needs, while deposits rose slower.
The balance of loans in all currencies gained 10.3 percent year on year to 4.1 trillion yuan (US$651.4 billion) last month in the city, a stronger growth by 0.8 percentage point from October, the Shanghai headquarters of the People's Bank of China said yesterday.
New loans denominated in yuan and foreign currencies rose 33.3 billion yuan from a year earlier to 47.5 billion yuan in November.
Yuan-backed new lending jumped 60 percent to 29 billion yuan in November. Meanwhile new foreign currency loans rose to US$3.1 billion last month, rebounding from a decline a year earlier.
New mortgages totaled 3.7 billion yuan last month, the second-biggest amount so far this year. New personal auto loans gained 100 million yuan to 2.4 billion yuan, the PBOC said.
The balance of loans in all currencies gained 10.3 percent year on year to 4.1 trillion yuan (US$651.4 billion) last month in the city, a stronger growth by 0.8 percentage point from October, the Shanghai headquarters of the People's Bank of China said yesterday.
New loans denominated in yuan and foreign currencies rose 33.3 billion yuan from a year earlier to 47.5 billion yuan in November.
Yuan-backed new lending jumped 60 percent to 29 billion yuan in November. Meanwhile new foreign currency loans rose to US$3.1 billion last month, rebounding from a decline a year earlier.
New mortgages totaled 3.7 billion yuan last month, the second-biggest amount so far this year. New personal auto loans gained 100 million yuan to 2.4 billion yuan, the PBOC said.
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