Zhoushan's financial sector grows steadily in H1

The balance of domestic and foreign currency deposits in Zhoushan, East China's Zhejiang province, was 249.176 billion yuan ($36.11 billion) as of the end of June, up 12.3 percent year on year, according to official data from the Zhoushan head office of the People's Bank of China.

The city's balance of domestic and foreign currency loans stood at 267.28 billion yuan, an increase of 23.71 billion yuan since the beginning of this year.

The figure represents a yearly uptick of 17 percent, ranking eighth in Zhejiang.

Meanwhile, financing costs for enterprises edged down in H1.

From January to June, the average interest rate of business loans in the city was 4.8878 percent, down 0.5846 percentage points year-on-year.

The city's cross-border RMB settlements surged 27.2 percent to 67.911 billion yuan over the six-month period, accounting for 68 percent of its annual target.

As of the end of June this year, the number of active mobile payment users in the city had reached 798,000, completing a total of 333.5754 million transactions, 35.2 percent more than the same period last year.