Shanghai headquarters of People's Bank of China: RMB loans increased by 563 billion yuan in the first half of the year, while foreign currency loans increased by 2 billion US dollars.
At the end of June, the balance of foreign currency loans in Shanghai was 12.85 trillion yuan, an increase of 8.4% year-on-year, with a growth rate 0.2 percentage points lower than the end of the previous month. The balance of RMB loans was 12.26 trillion yuan, an increase of 8.7% year-on-year, with a growth rate 0.5 percentage points lower than the end of the previous month; the balance of foreign currency loans was 82.4 billion US dollars, an increase of 2.1% year-on-year, with a growth rate 5 percentage points higher than the end of the previous month. In the first half of the year, RMB loans increased by 563 billion yuan, a decrease of 121 billion yuan year-on-year. Looking at different sectors, household loans increased by 196.6 billion yuan, of which short-term loans decreased by 5 billion yuan, medium and long-term loans increased by 201.5 billion yuan; loans to corporate units increased by 314 billion yuan, of which short-term loans increased by 130.7 billion yuan, medium and long-term loans increased by 186.6 billion yuan, and bills financing decreased by 12.3 billion yuan; loans to non-bank financial institutions decreased by 9.5 billion yuan. In June, RMB loans increased by 109.9 billion yuan, a decrease of 38.3 billion yuan year-on-year.
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