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Foreign banks business performance in Shanghai is fairly good. Renminbi and foreign currency deposit in these banks soar recently.

After registering as domestic legal entities, business volumes of HSBC, Standard Chartered, CitiBank and East Asia Bank have also witnessed increases. According to the latest information released by the Shanghai Headquarters of PBOC, in April, Renminbi deposit in these four banks increased by 4.33 billion yuan, accounting for 67.7% of the total Renminbi deposit in all foreign banks in Shanghai. Among this, the Renminbi savings deposit increased by 410 million yuan.

Meanwhile, Renminbi loan release of foreign banks in their branch offices in seven large cities in China, including Beijing and Shanghai, also grew tremendously. In April, Renminbi loan release of foreign banks in Shanghai increased to 7.2 billion yuan, growing by 4.55 billion yuan than the same period last year.

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