In August, long-term loans for households in Shanghai increased by 106 billion yuan, while household deposits increased less year-on-year.

In August, the momentum of medium and long-term loans in the Shanghai residential sector continued to grow, while household deposits increased slightly year-on-year. Personal demand deposits decreased by 14.3 billion yuan, a decrease of 12.2 billion yuan year-on-year. Data released by the People's Bank of China Shanghai Headquarters on September 17th showed that in August, RMB loans in Shanghai increased by 4.7 billion yuan, a decrease of 83.9 billion yuan year-on-year. Looking at different sectors, household loans increased by 17.5 billion yuan, with short-term loans increasing by 6.9 billion yuan and medium-long term loans increasing by 10.6 billion yuan. Corporate loans decreased by 14.9 billion yuan, with short-term loans increasing by 5.7 billion yuan and medium-long term loans increasing by 3.0 billion yuan, while bill financing decreased by 18.1 billion yuan. Non-banking financial institutions loans decreased by 3.6 billion yuan. Foreign currency loans increased by 1.4 billion US dollars, an increase of 1.5 billion US dollars year-on-year.