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New credits exceed 62.5 bn yuan in first 3 quarters
Updated: 2019-10-29    Source: Zhongshan Daily Large Medium Small Print

The Zhongshan Central Branch of the People's Bank of China recently released its data, showing that in the first three quarters of 2019, Zhongshan's loans in both domestic and foreign currency continued to grow at a high speed. In the first three quarters, new credits stood at 62.527 billion yuan, 2.08 times the total in 2018.

At the end of the third quarter, Zhongshan's loan balance in both domestic and foreign currency stood at 470.975 billion yuan, increasing by 19.55% year-on-year, with its growth rate continuously increasing. 

Deposit balance in both domestic and foreign currency stood at 622.424 billion yuan, thus increasing by 6.73% year-on-year. The balances of business deposit and household deposit increased by 10.63% and 9.88% year-on-year respectively.

New loans are mainly long-term. In the first three quarters of this year, medium- and long-term loans of 52.451 billion yuan in both domestic and foreign currency was newly added in Zhongshan, thus accounting for 83.83% of the new increment of all loans. At the end of the third quarter, the medium and long term loan balance was 332.281 billion yuan, increasing by 25.44% year-on-year.

The loan balance of small and medium-sized enterprises stood at 168.736 billion yuan, thus increasing by 16.91% year-on-year. Loans from various industries increased by 22.456 billion yuan, including 8.888 billion yuan for manufacturing, 6.571 billion yuan for infrastructure construction and 788 million yuan for education.

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